Tech and cybersecurity professionals know how one year can make a massive difference in the business world. 2022 started with a banger, it had ample employment options in the field, and skilled laborers got their chance to showcase their talent. However, as the year ended, significant tycoons like Meta and Amazon changed their strategy and stopped hiring.
The main concerns were changes in the global economy, inflation, declining ad sales, and rising interest rates. Nonetheless, cybersecurity emerged as immune to this pullback trend and solely opened more than 7 lakh job opportunities in The US.
Regardless of the number of security jobs, small and big businesses are constantly in flux for cyber threats and data breaches. Ransomware is among the most common data security issues that are evolving almost weekly. Therefore, cybersecurity professionals are keeping an eye on the trends that will significantly affect tech and security pros.
As a business owner in today’s world, you must also watch out for these trends to prepare in advance to deal with the situations. Let’s cut to the chase and read on!
1. Deployment of Multifactor Authentication
The data breach is the most common cyber threat that almost every organization has to go through once in their lifetime. Nobody is safe from this, whether it is a government organization or a private sector business. The hackers use compromised data to blackmail people; it could be the individuals whose data has been leaked or the businesses as a whole.
Therefore, it is predicted that 2023 will lead to the deployment of multi-factor authentication in most businesses. Many companies in 2022 have faced criminal charges because their data leaked; thus, their customers filed cases against them. Therefore, qualified criminal defense attorneys have also suggested additional data security practices to ensure no information leaks or breaches. It will also help fight criminal charges by clients or customers for compromising their personal information.
According to experts, having MFA can help organizations prevent cyber attacks at primitive stages. In addition, you can also consider adding a firm password policy that restricts users from re-using their old passwords.
2. Increasing Attacks Against Mobile Devices
You must have heard about the attacks on mobile malware in the first few months of 2022. The hackers were viciously targeting mobile devices and breached users’ data via various apps, links, and phishing, Man-in-the-Middle attacks. Although all mobile phones are prone to cyber attacks, iPhones seem to have a hard time with hackers getting into their software.
Therefore, android users were the most targeted people for breaching data security. While many hackers asked for money by using the compromised data, others directly racked down bank information and took away the money. As a business owner, you must focus on providing mobile security solutions to your employees and other training programs to make them aware of the current trends that hackers use.
3. Attacks Against Operational Technology
By operational technology, we mean the attacks on hardware and software mechanisms. But, these machines mainly detect changes in industrial recesses, systems, and processes. Recently, cybercriminals have been targeting the Industrial Control System in Operational Technology. It is not only about the data breach but also the physical damage it may cause.
For instance, if any cyber criminals and hackers get access to water systems in any country. They can change the chemical balance in the water and manipulate the lead pipeline infrastructure. As a result, the water may get acidic or basic and create nationwide health problems and abnormalities.
So, organizations must set up their security systems and be prepared to fight such anomalies immediately.
4. A Rise in Cryptocurrency Scams
The collapse in Cryptocurrency has put the entire industry under the microscope. The increasing risk of inflation and recession in 2023 is a sign that the frauds and scams related to Cryptocurrency are likely to increase as well. Cybersecurity experts warn businesses and individuals, especially elders, against these frauds. Hackers will use phishing and deep fakes to get hold of personal information and extort money.
Given the recession, more people will fall prey to scams claiming to make them rich in a few days. Therefore, it is suggested to safeguard your money and beware of any phishing that gives you unrealistic dreams.
Whether it is a little or a large business enterprise, cybersecurity has a warning for everyone. Data breaches are common, and unfortunately, the intensity is increasing quickly. Along with IoT, hackers are also attacking OT, Cryptocurrency, and other sectors to extort money. SO beware and be prepared to tackle these cyber threats in 2023.