Top 5 Cyber Security Trends in 2023

As technology increasingly integrates into many industries, securing data from cyber threats
becomes exceptionally relevant. Organisations must stay up-to-date on the most recent
cybersecurity trends due to the increased frequency of cyberattacks if they want to ensure the
security of their systems and data. This article will explore the latest cybersecurity trends
expected to impact technology infrastructure in the upcoming years, focusing on what to expect
by 2023.

VPN will replace the zero trust

As remote working continues to be a trend, virtual private networks (VPNs) struggle to meet
scalability requirements and may pose cybersecurity risks. As a response, a new approach
known as “zero trust” is gaining popularity as a more secure and scalable alternative. The
“never trust, always verify” principle is based on the zero-trust strategy, which requires users to
be validated and reauthorized using multiple authentication methods, even if they have
previously been authenticated. Zero trust is a multitiered approach that offers better protection,
flexibility, and control, which makes it a compelling option for companies needing to strengthen
their cybersecurity. 

Risk Assessments will increase demand for Cyber Insurance

Companies are having trouble affording or getting cyber insurance due to rising costs. Businesses must provide proof of compliance with the latest cybersecurity best practices and standards to negotiate lower insurance prices and coverage. Risk assessments will become increasingly important as they demonstrate the maturity level of an organisation’s cybersecurity program and proactively address underwriting issues. Risk assessments can help inform decisions about insurance gaps, limits, and coverage by identifying acceptable risks and those that should be shifted to insurers. Additionally, they may assist businesses in organising their cybersecurity activities according to priority, ensuring that they comply with insurer standards and ultimately safeguarding their digital assets from threats.

Outsourcing Cybersecurity Operations

Outsourcing cybersecurity operations to consulting companies or virtual CISOs is becoming more common as organisations need help handling cybersecurity complexity and trained professionals. Outsourcing provides advantages such as enhanced scalability, flexibility, and cost savings. This technique helps companies to refocus on their primary business while strengthening their security posture. While cybersecurity remains a key concern, more firms will likely outsource their day-to-day security operations to outside professionals to maintain adequate security management.

Widespread Use of Threat Detection and Response Tools

To combat cyberattacks, organisations must detect unusual activity across their entire infrastructure. EDR, XDR, and MDR threat detection and response solutions can detect and prevent sophisticated attacks that escape traditional defences. These solutions use machine learning algorithms and threat intelligence to analyse historical data and discover unusual patterns. Gartner predicts that cloud-based detection and response solutions like EDR and MDR will become more popular in the upcoming decades. With the rise of cyber risks, using these tools to safeguard businesses from attacks will become more critical.

Artificial intelligence is Evolving Role in Threat Protection

As security threats increase, AI is becoming an increasingly vital instrument for many firms. Its continuous learning model enables it to adapt more effectively to changing security threats while offering a more robust defence against evolving attacks. AI is particularly important for detecting attacks that fall outside the scope of previously encountered threats.

Hackers currently use customised phishing schemes that avoid regular email filters, making it difficult for businesses to detect and prevent assaults. In this instance, AI can be valuable since it constructs a picture of what is “typical” for a certain organisation, allowing it to spot unusual communications. 

Using AI as a safety net ought to be a top focus for small firms. The technology is now easier to get and less expensive, making it simpler for SMBs to strengthen their defences against ever-evolving threats.

Organisations should remain alert and prepared as the threat landscape evolves in 2023. Businesses should always maintain security precautions and, when needed, consult cybersecurity professionals for advice and direction to stay safe. 

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