As a result of the COVID-19 pandemic, many of us are still working from home. As a result, the cybersecurity environment has changed significantly. In addition, cyber threats are constantly evolving and becoming more sophisticated. The following will discuss the most significant cybersecurity threats for 2023.

Social Engineering

Perhaps one of the most common and dangerous cyberattacks, social engineering depends on human error instead of technical vulnerabilities. Tricking a human being is much easier than overcoming a security system.

Experts believe social engineering cyberattacks, including phishing and email spoofing, will continue to evolve in 2023 by implementing new methods and technologies.

Ransomware

Ransomware attacks can potentially destroy an entire business. Although ransomware is not new, they have evolved over time to become more sophisticated. Cybercriminals are now subscribing to RaaS (Ransomware-as-a-Service) providers, allowing them to deploy ransomware in exchange for a percentage of the ransom paid. The increasing use of RaaS has made these cyberattacks less expensive and more accessible to cybercriminals. Thus the frequency of ransomware attacks has risen significantly.

Cloud Vulnerabilities

Businesses are increasingly moving their operations to the cloud. Although one would think the cloud’s greater popularity would lead to stronger security, this is not the case. Cybercriminals can exploit several vulnerabilities, leading to data loss, data breaches, and system downtime. Thus, successful attacks have led to greater privacy concerns and regulations governing personal data.

As cloud technology usage grows rapidly, organizations will be left vulnerable due to cybersecurity flaws resulting from poorly designed deployments. Cybercriminal attacks are typically targeting and exploiting weak system configurations and security policies. Moreover, the majority of organizations are implementing hybrid cloud architectures for running their workloads, leading to greater exposure to cyberthreats.

Part 2 will discuss Mobile Devices, Misconfigurations, IoT (Internet of Things), and Flawed Cybersecurity Practices.

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