As technology continues to evolve, so too must our cybersecurity practices. What worked five years ago may not be sufficient today, and what works today may be obsolete in the next five years. This is why staying up-to-date on the latest cybersecurity threats and trends is essential, so you can be prepared for whatever comes your way. Here are some of the things you should keep in mind as you do your Cybersecurity planning for 2023 and beyond.
What businesses need to know about cybersecurity in 2023
As we increasingly rely on technology, it’s no surprise that cybersecurity is a hot topic for businesses. With so much at stake, staying up-to-date on the latest trends and threats is important. Here are four things companies need to know about cybersecurity in 2023:
1. The rise of AI and machine learning will bring new challenges.
2. 5G will increase the attack surface.
3. The Internet of Things will create new vulnerabilities.
4. Cybercriminals will continue to target employees.
How should businesses budget for cybersecurity in 2023?
There are some general guidelines that businesses can follow when budgeting for cybersecurity in 2023.
First, businesses should consider how much they spent on cybersecurity in 2021 and 2022 and use this as a starting point for their 2023 budget. They should then adjust this figure based on any changes in their business (e.g., if they’ve grown or expanded into new markets) and any changes in the cybersecurity landscape (e.g., if there have been new threats or vulnerabilities).
Next, businesses should allocate a certain percentage of their overall IT budget to cybersecurity. This percentage will vary depending on the size of the company and its IT budget, but a good rule of thumb is to allocate 10-20% of the IT budget to cybersecurity.
Finally, businesses should review their budgets regularly and make adjustments as needed. Cybersecurity is an ever-changing field, and what may have been adequate protection in one year may not be sufficient in another. By regularly reviewing their budgets, businesses can ensure they’re always ahead of the curve.
Tips for creating a cybersecurity plan for your business
All businesses should take some basic steps to create a comprehensive and effective plan. First, you need to identify what assets and data your business holds that could be targeted by cybercriminals. Once you know what you need to protect, you can start putting together the various components of your security plan, including technical controls, policies and procedures, and employee training. It’s also important to regularly review and update your plan as new threats emerge and your business grows. By taking these steps, you can help ensure that your business is prepared for the ever-changing landscape of cybersecurity.