As we become increasingly reliant on technology, the risks associated with it increase proportionally. Worldwide, companies are expected to spend 11.3% more on cybersecurity and risk management in 2023 than in 2022.
Still, cybersecurity is not a major concern just for businesses. Protecting your personal information has become just as essential. This blog post will help you do just that.
We will review the factors contributing to the increasingly larger attack surface, some fresh and useful cybersecurity trends you should consider implementing, and the ten chosen and time-proven strategies to help you prevent cyberattacks.
Factors Influencing Cybersecurity in 2023
Shift to the Cloud
As is predicted, by 2025, more than 50% of enterprise IT spending will be on cloud storage services. The shift to the cloud is one of the major factors contributing to decreased global cybersecurity.
Due to the increased number of attack routes, the complexity of cloud environments, and the division of security duties between the client and the cloud service provider, securing cloud infrastructure often proves difficult.
Remote and Hybrid Work Environments
Hybrid work settings increase the potential for attacks, which is another source of risk. The likelihood of human error and, eventually, a breach grows when cybersecurity officials are responsible for securing both internal and external environments.
The tendency toward remote work is still widespread, which results in a lack of employee visibility and management. Because they are outside an organization’s boundaries, remote environments are more difficult to secure.
OT and IoT
Developing security procedures and safeguards for operational technology (OT) and Internet of Things (IoT) devices exposes IT systems to cybersecurity vulnerabilities. Cybercriminals could use IoT and OT devices as entry points into your company’s systems.
Supply Chain Interactions
The supply chain is still a common spot where cybersecurity is compromised. The opportunity for hackers to access your infrastructure increases as you connect and interact with more third parties.
Cybersecurity Trends You Should Consider Implementing
Response and Threat Detection Tools
Your organization won’t be able to successfully manage an attack unless you can spot unusual user activity in your infrastructure immediately. This is where solutions for threat identification and response come in. The demand for cloud-based detection and response solutions is anticipated to increase in the future years.
Consider using Cynet, CrowdStrike, Symantec, Xcitium, or similar endpoint threat detection and response solutions (ETDRs).
Consider contacting firms like Analyst1, Check Point, or Palo Alto Networks if you’re seeking a trustworthy cybersecurity solutions provider.
Developing Cloud Security
Recent years have seen a tremendous increase in cloud computing, leaving little time for cybersecurity to follow up.
The cloud security sector is growing quickly due to various cloud vulnerabilities and poorly secured remote work environments from which cloud services are frequently accessible.
Some cloud security strategies include having a secure data backup plan, encryption, or private clouds.
Combining Zero Trust and VPN
When describing a new security architecture in which individuals and devices are no longer divided into trusted and untrusted groups, Forrester experts coined the phrase “zero trust.” The fundamental tenet of this strategy is only to provide access to verified and authenticated users.
Virtual private network scalability may provide issues, and VPN technology, in general, may be susceptible to hacks and weaknesses in modern hybrid situations. In contrast, the zero trust approach is secure and expandable and will greatly complement your VPN system.
10 Best Cybersecurity Practices
#1 Establish a robust cybersecurity policy
For your organization’s digital assets and data to remain secure, you must establish a set of rules and procedures that specify the requirements. Data classification, access control, incident response, and employee training are a few examples of the policies that should be covered in this policy.
#2 Secure your perimeter and IoT connections
The Internet of Things (IoT) and network perimeters are some of the most exposed points to cyberattacks. Employing security solutions like firewalls, intrusion detection and prevention systems, and secure IoT connectivity will help companies reduce these risks.
#3 Employ a people-centric security approach
Technology is only one aspect of cybersecurity; humans also play a significant role. Creating a culture of security awareness within the company and educating staff members about security threats and best practices are two main aspects of this strategy.
#4 Control access to sensitive data
Limiting access to sensitive data is one of the best ways to keep it safe. This can be accomplished by implementing access control policies like least privilege and role-based access control (RBAC).
#5 Manage passwords wisely
Passwords are a common attack vector for cybercriminals. Therefore, it’s important to handle them wisely. Password managers, strict password restrictions, and multi-factor authentication must all be used in order to achieve this.
#6 Manage supply chain risks
Companies should be aware of any cybersecurity concerns that may be present with their supply chain partners. This includes performing due diligence on suppliers and contractors, monitoring their security procedures, and implementing contractual security requirements.
#7 Enhance your data protection and management
Organizations should employ data protection techniques like encryption, data loss prevention (DLP), and backup and recovery. Data management should also adhere to a defined data lifecycle, which includes data classification, retention, and deletion.
#8 Employ biometric security
For access control and authentication, biometric security techniques like fingerprint and facial recognition can add an extra layer of security.
#9 Use multi-factor authentication
In order to confirm a user’s identity, multi-factor authentication (MFA) uses two or more authentication elements. This can be something the user does (like a fingerprint), something they have (like a security token), or something they know (like a password).
#10 Conduct regular cybersecurity audits
Regular cybersecurity audits can help identify vulnerabilities and verify that security policies are being followed. Audits can also help businesses comply with relevant rules and regulations.
Conclusion
As the world becomes increasingly technology-dependent, a significant rise in the need for cybersecurity is inevitable.
By adopting a solid cybersecurity policy, implementing the ten strategies discussed in this article, and conducting frequent cybersecurity assessments, you can make sure that your data and digital assets remain protected from scammers, and you can confidently traverse the digital world!