The latest Cost of a Data Breach report by IBM reveals that the average cost of data breaches reached an all-time high in 2022, climbing from USD 3.86 million in 2020 to a whopping USD 4.35 million in 2022. With reports of new cybersecurity attacks headlining the news practically every other day, businesses need to be increasingly vigilant when it comes to protecting their data. Read on for some insights into some of the cybersecurity trends in 2023 that can be driving factors to keep your business safe.
1. Cloud Security and the Internet of Things (IoT)
The IoT sector has been growing steadily year-on-year. The more devices we connect together, the more potential doorways we create for cybercriminals. Although most IoT devices don’t store sensitive data, they can potentially be used by cybercriminals to gain access to your networks and other devices that do. Although clouds are more secure than IoT devices, they need to be constantly monitored to make sure their security systems are up to date. Ensuring cloud security and the security of interconnected devices will be a top cybersecurity priority for many businesses in the coming year. APEX 365 offers cloud management and mobile device management services that ensure that your data is secured throughout.
2. Cybersecurity for Remote Workers
We now know that work-from-home isn’t going anywhere. Ensuring that your data is secure when your employees access it from various locations is another important factor for your business to consider. Installing various security protocols like Multi-Factor Authentication (MFA), the latest cybersecurity software on employee devices, zero-trust network access, or encrypted VPNs can go a long way toward keeping your data safe.
3. Artificial Intelligence to Combat Cyber Crime
Keeping up with incessant cyber attacks is humanly impossible. One of the major growth trends in the relentless war against cybercrime is the use of Artificial Intelligence (AI) and Machine Learning (ML). AI and ML technologies can detect malicious activity effectively to automatically detect threats and create alerts when they detect suspicious activity on networks. They can also ensure that security patches and updates are downloaded as soon as they are available.
4. Increased Threats to Small and Medium-Sized Enterprises
Very often small or medium-sized businesses believe that cybercriminals are not interested in what they do. However, according to U.S. Small Business Administration there were over 700 thousand attacks against small businesses, with damages totalling 2.8 billion dollars and predicts this number is only going to increase. SMEs will need to step up their security game in 2023 and allocate resources toward protecting their organizations.
5. Security Awareness
A vast majority of security breaches are caused by human error. Understanding cyber safety is no longer a topic solely for the IT department. Cyber security awareness needs to be instilled into each and every employee of a business to protect them against phishing and social engineering attacks.
Regular cyber security awareness programs like the ones offered by APEX 365 Powered by Arctic Wolf can help your employees stay on top of the latest developments in the cybersecurity world without being overwhelmed.