Cybersecurity and Compliance Trends for 2023

Cybersecurity trends in 2023

With the Digital Revolution sweeping the globe, all businesses, large and small corporations, organizations, and even governments are relying on computerized systems to handle their day-to-day operations. Whether the never-ending list of compliance needs to meet or the growing pile of corporate data being generated, an organization’s cybersecurity responsibilities appear to grow yearly. Keeping up with the newest cyberspace trends is the greatest method to ensure your organization’s defensive strategy is up to date. As a result, cybersecurity has become a fundamental priority to protect data from various internet attacks or illegal access. Keeping this in mind, as news of data breaches, ransomware, and hacking becomes the norm, ongoing technical progress suggests a corresponding shift in cybersecurity patterns.

Let’s take a look at the top cybersecurity and compliance trends in 2023

1. Cyberattacks using Ransomclouds

Ransomware attacks have no end in sight. According to Cybersecurity Ventures, ransomware is expected to cost $265 billion annually by 2031. The number of ransomware strains has also increased rapidly in recent years; there are 130. Ransomware has also infiltrated cloud systems. Malware or phishing emails are frequent vectors for ransom-cloud attackers, who use popular methods such as file sync piggybacking to target cloud-based mail systems like Office 365. In this case, the attacker sends a phishing email with an attachment that, when opened, begins the installation of ransomware on the user’s PC. This ransomware appears to the user as an innocuous pop-up.

The malware spreads, granting the threat actor access to the network. When a user performs a file sync contact with the cloud, the ransomware will ‘piggyback’ on the service and assist the threat actor in infiltrating the cloud environment.

2. Cyber threats (especially IoT threats) with 5G

With the advent and growth of 5G networks, a new era of interconnectivity will become a reality with the Internet of Things (IoT). Internet of things (IoT) risks occur when attackers search devices for weaknesses and attempt to connect over non-standard ports. According to the MITRE ATT&CK methodology, the attacker may use the non-standard port technique to establish connections using ports that are not generally used or to muck with the protocol to circumvent standard ports. The attack surface in a basic network structure is limited to the specific entry points to enterprise systems; however, in an IoT network, the attack surface expands, resulting in more vulnerabilities. The Internet of medical things (IoMT) comprises devices that can communicate with IT systems in healthcare facilities. Sensor-based or remote patient monitoring equipment, such as wearables, can be used.

The growing adoption of these devices among patients creates a plethora of vulnerabilities and entry points for hackers to obtain access to patient data. As a result, monitoring these endpoints around the clock should be a top responsibility for all enterprises.

3. Artificial Intelligence (AI) as a potential technology

With AI being adopted in various market categories, this technology and machine learning have significantly improved cybersecurity. AI has played a critical role in developing automated security systems, natural language processing, facial detection, and autonomous threat detection. However, it is also used to create sophisticated malware and attacks to circumvent the most recent data security mechanisms. AI-enabled threat detection systems can forecast new assaults and immediately inform administrators of any data breach.

4. State-Sponsored Cyber Warfare & Insider Threats

There won’t be any stoppage between the western and eastern powers in attempts to find superiority. The tension between the US and Iran or Chinese hackers often creates worldwide news though the attacks are few, they have a significant impact on an event such as elections. And with more than 70 elections bound to be held this year, criminal activities during this time will surge. Expect high-profile data breaches and political and industrial secrets to top cybersecurity trends for 2023.

On the other hand, human error is still one of the primary reasons for data breaches. Any lousy day or intentional loophole can bring down a whole organization with millions of stolen data. A report by Verizon on data breaches provides strategic insights on cybersecurity trends that employees directly or indirectly made up 34 percent of total attacks. So make sure you create more awareness within premises to safeguard data in every way possible.

5. Cyberattacks on operational technology (OT)

The software or hardware mechanisms that monitor and detect changes in industrial equipment, systems, and processes are operational technology. Industrial control systems (ICS) are a key component of OT and have become a new target for cyber attackers. The primary source of concern here is not only data security but actual physical damage. Consider this example from cybersecurity expert Chris Qhubeka. Suppose a criminal gains access to the UK’s water system, which includes lead pipe infrastructure. In that case, they can change the chemical balance in the water to make it more acidic, with widespread consequences. Organizations must have processes to detect such anomalies and respond quickly to mitigate their impact.

Conclusion

As a result of these cybersecurity trends in 2023, organizations are bound to be warier in stacking their security measures. In this year alone, businesses will spend $100+ billion on protecting their assets, more than ever before. With infrastructure security being such an essential aspect of practically any firm today, it would be a wise decision for them to begin their learning curve in cybersecurity today to become specialists for tomorrow.

Related Article: https://www.venture7.com/blog/the-top-5-cybersecurity-and-compliance-trends

Browse by categories

Insights

Blog

Salesforce Consultant for HealthTech Startups

Running a HealthTech startup is no easy feat. You’re constantly juggling patient care, data management, compliance requirements, and, of course, growing your business. But as you try to overcome these challenges, inefficiencies and rising costs can hold you back. That’s where a Salesforce consultant can step in to simplify your journey and help you focus […]

Blog

Generative AI – The Future of Healthcare Innovation

The healthcare landscape is entering a groundbreaking phase driven by the emergence of artificial intelligence (AI). While traditional AI is known for its significant role in analyzing existing data, Generative AI moves ahead by creating new data or content. This innovative technology also has amazing potential to transform healthcare in multiple ways. The role of […]

Blog

HealthTech Trends of 2024: Shaping the Future of SaaS Healthcare

In the ever-evolving landscape of healthcare, the integration of technology is not just a trend but a revolution, reshaping the field of medical diagnostics, treatment, and patient care. As we progress deeper into the 21st century, the fusion of healthcare and technology has transcended traditional boundaries, heralding a new era of medical innovation like SaaS […]

Blog

What is Medical Record Summarization?

Healthcare providers find AI-based medical record summarization attractive. Medical professionals rely on concise medical record summaries throughout the healthcare journey to facilitate informed decision-making. The emergence of generative AI has opened the gates of automating the generation of medical records summaries. As per Statista reports, the global AI healthcare market is expected to experience significant […]

Blog

RPA or AI, Which is better?

Considering the question of whether RPA or AI which is better, it’s important to understand that while both technologies involve automating tasks, they have different approaches and purposes. AI involves creating intelligent machines capable of emulating human reasoning, learning, and problem-solving. This entails employing intricate algorithms and data analysis to enable machines to learn from […]

Blog

What’s Driving the Surge in Robotic Process Automation?

During the 1990s, many companies adopted business process reengineering as a popular way to revolutionize their end-to-end business processes, using emerging technologies such as enterprise resource planning (ERP) systems and the internet. For instance, they implemented large-scale ERP systems like SAP or Oracle to facilitate data exchange and create a strong IT infrastructure. Process management […]

Blog

Bottom-Up Software Effort Estimation Technique

Last time, we explained that even though estimating software project timelines is tough, we should do it anyway. We also broadly discussed some of the common estimation techniques. With that background, we want to go into further detail about the bottom-up software effort estimation technique that works for us. A critical aspect any estimation technique […]

Blog

What are the different software effort estimation techniques?

What are the different software estimation techniques is a thought-provoking question. Every development team encounters its fair share of challenges when striving to meet delivery deadlines – it’s part and parcel of the job. This, in turn, can lead to considerable delays in software projects, leaving project owners scratching their heads in frustration. So, you […]

Blog

Introduction to DevOps Consulting Services

We provide DevOps consulting services to help you dramatically speed up and optimize your work processes using the most advanced automation, development, and implementation methods. We have excellent hands-on experience in bringing development and operations teams together. What types of DevOps Consulting Services does Venture7 provide? DevOps Implementation Consulting We offer DevOps consulting services to […]

Blog

How to Build A SaaS Application?

In today’s dynamic business landscape, Software as a Service (SaaS) has emerged as a ubiquitous and highly favoured delivery model for digital products, making it an ideal choice to build a SaaS application. Increasingly, organizations are choosing to deploy their software solutions over the Internet, granting users greater flexibility and scalability. The SaaS market is experiencing […]

Cybersecurity and Compliance Trends for 2023

1. Cyberattacks using Ransomclouds

2. Cyber threats (especially IoT threats) with 5G

3. Artificial Intelligence (AI) as a potential technology

4. State-Sponsored Cyber Warfare & Insider Threats

5. Cyberattacks on operational technology (OT)

Browse by categories

Insights

Salesforce Consultant for HealthTech Startups

Generative AI – The Future of Healthcare Innovation

HealthTech Trends of 2024: Shaping the Future of SaaS Healthcare

What is Medical Record Summarization?

RPA or AI, Which is better?

What’s Driving the Surge in Robotic Process Automation?

Bottom-Up Software Effort Estimation Technique

What are the different software effort estimation techniques?

Introduction to DevOps Consulting Services

How to Build A SaaS Application?

1,188 thoughts on “How to Build A SaaS Application?”