In 2022, multiple organizations such as Dropbox, Twilio, Uber, Revolut, LastPass and Marriott International have suffered from data breaches. As cyber threat actors get more imaginative, being up to date with top cybersecurity threats should be a major part of your business plan. 

This list covers some of the biggest cybersecurity threats to watch for in 2023.

Cloud Breaches

Moving to the cloud certainly has its benefits as it offers flexibility and scalability. However, sometimes it can be a double-edged sword that could make it easier for cyber threat actors to access your company’s information.

During 2022, 27% of organizations using the public cloud reported a breach.

Most cloud breaches resulted of: 

  • Improper configurations
  • Improper data sharing
  • Compromised credentials
  • Exploited vulnerabilities

Mobile-First Attacks

Most of us store everything from our work email to banking information on our phones. But did you know that you are carrying around one of the biggest cybersecurity threats in your pocket?

In fact,  around 60% of cyber fraud, like phishing and stolen passwords, happens on mobile devices. 

Employers should add mobile device security to cybersecurity training sessions, in order to make their teams aware of its importance for both professional and personal life.

IoT attacks 

Attacks on Internet of Things (IoT) devices continue to increase. And nowadays, your office could be relying on connected thermostats, printers, cameras, or lighting… Embracing automation can indeed make your office environment more efficient, but it can also make it easier for cybercriminals to hack your business through your WiFi-enabled devices!

While IoT devices bring a lot of change to our day to day life, cyber threat actors will continue exploiting them in 2023. So here are some tips to protect yourself: 

  • Updating firmware
  • Using a separate router just for IoT
  • Enabling multi-factor authentication

Human Error

Research has revealed that 23% of all data breaches result from human error. In fact, scamming employees with phishing, spoofing, and malicious links and attachments still provide an open door to cybercriminals. 

To combat this, cyber security experts strongly advise companies to invest in IT security training in 2023. Explaining why cybersecurity matters will actually help you make sure that your employees are following your protocols. 

Malicious Insider Attacks

Human error is responsible for a large share of data breaches within organizations. However, sometimes, a breach that comes from the inside is actually intentional and conducted by a disgruntled employee.

In some cases, these types of threats originate from people with privileged access to sensitive and confidential information. They chose to exploit their access for their personal, financial gain or some other motivating factor. In other cases, it can originate from negative emotions harbored by a departing employee.

The best way to prevent this type of cyber threats from impacting your business, is to anticipate that it could happen and put measures in place to prevent it. 

Make Cybersecurity your business’s 2023 resolution

A data breach can cost an organization millions in lost data, fines, and regulatory actions. That’s why, understanding the threats that your business could face, will help you take the right measures, and put cyber security at the center of your 2023 plan.

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