Essential Skills Every Digital Marketer Should Have in 2023

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Future Security Predictions for Growing Businesses: How To Deal

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What are some of the future security predictions for growing businesses? Both hackers and defenders are anticipating an uncertain year as they proceed cautiously in the face of a corporate environment that is rife with security blindsides and economic ups and downs. The current year offers decision-makers the chance to review their security playbooks and shed light on the cybersecurity infrastructure's underutilized components.


Security teams will have to deal with limited visibility over an ever-increasing corporate perimeter and frequently overlooked attack surfaces like open-source software that might facilitate possible hacks as more firms try to accommodate a more scattered workforce. Thanks to innovation drivers like artificial intelligence (AI), 5G connectivity, and cloud-based tools, enterprises will also advance in their digital transformations, but they will face challenges with implementation and a shortage of top personnel to secure these new technologies.


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Future Security Predictions for Growing Businesses


Threats against businesses will also keep increasing as bad actors try to remain one step ahead by taking advantage of sluggish security teams, antiquated protocols, and internet-facing device vulnerabilities. Via the cloud apps linked cars employ, some attackers will target major targets like autos, while others want to make money off of data monetization schemes. While some hackers want to weather the uncertainty of the current year by reverting to tried-and-true techniques like social engineering-based assaults, others in the ransomware community may instead explore whole new economic models.


According to Gartner, businesses will spend over $6.69 billion, or roughly 27% more than in 2018, on cloud security in 2023. From 2021 to 2025, the cybersecurity industry is projected to expand by 15% annually. 3. There will be 3.5 million cybersecurity positions open globally. An increase in spending on cyber security is anticipated by 82% of Indian executives in 2023, according to a PWC poll done this year. Business executives are beginning to place a higher priority on security than in the past. Spending on security is expected to increase 8.1% annually and total $174.7 B. Mature businesses will take advantage of any economic downturn that may occur in 2023 to invest in new technologies with the least amount of disturbance possible.

By 2025, 80% of businesses will use a single vendor's security service edge to integrate web, cloud, and private application access. Business models for shapeshifting ransomware will open up more opportunities for data theft and extortion. Application of cloud technology that is inconsistent In this blog post, we talk about some potential forecasts and significant security-related events for the upcoming year:


1. Cybercriminals are ready to capitalize on the mistakes made by cloud adopters


We anticipate more bad actors using user-side misconfigurations and implementation discrepancies to gain access to enterprise systems as more businesses strive to integrate cloud solutions into their operations. We predict that from now until the current year, businesses will struggle to manage the many cloud suppliers and resources that make up their enterprise cloud systems. This will lead to application difficulties. 


Enterprises in particular should be alert for any security gaps in attack surfaces such as cloud application programming interfaces (APIs). These APIs, which are widely utilized in many connected vehicles today, will inevitably come under attack by criminals who will be lured to smart cars because they make for valuable targets.


2. Cybersecurity manpower and vertical regulations will be needed to secure smart factories


Expect businesses to invest more money in technologies like 5G and AI that can speed up their transition to the industrial internet of things in the upcoming year (IIoT). However, in addition to the integration of these new technologies and how these will further assist the convergence between IT and OT systems, a lack of cybersecurity skills will make it challenging for their understaffed security teams to handle several linked factories. 

On the plus side, we anticipate a growing demand for more vertical regulations for OT systems. Expect to see a crop of both industry-wide and government-imposed mandates that will lead to more highly regulated OT infrastructures in 2023. Businesses will need to be on the lookout for IT-based attacks that unintentionally affect OT systems connected to IT networks.


3. Social engineering lures are getting an upgrade


Internet fraudsters will rely on techniques that have a track record of success and prey on human fallibility during this era of change. Iterations of social engineering-based assaults, such as romance scams and business email compromise (BEC) schemes, will become more sophisticated as bad actors integrate contemporary tools into their plans. 


We also expect fraudsters to be particularly interested in developing technologies like deep fakes, whose richness of possible applications promises to make their future impersonation and identity theft operations even more highly targeted.

4. The ransomware arena will be thrown into flux


Not all online thieves can afford to use tried-and-true methods: Ransomware operators must continue to develop if they want to stay relevant and prevent more harm to their bottom line from lawmakers and well-equipped security teams. Data will continue to be a desirable commodity, thus some ransomware operators may decide to actively monetize data by searching through the computers of their victims for data they can sell off. 


Others could decide to completely abandon the ransomware business model and focus only on extortion methods, which would allow them to carry out very identical assaults without the use of ransomware payloads.


5. There will be malicious actors in the blockchain.


Non-fungible tokens (NFTs) and the metaverse will continue to be of little interest to the general public, while other blockchain-powered virtual assets like bitcoin will continue to attract both users and malevolent actors seeking to move freely and covertly. While cryptocurrencies like Monero will still be commonly utilized for financial transfers, end users will increasingly cash out their cryptocurrency holdings into fiat currencies out of concern for cryptocurrency market swings, which will fuel an increase in money laundering schemes.


Avoidance of cyber hazards


More businesses will look to strengthen their security posture with unified platform solutions, but these businesses will also need to be prepared with a proactive cybersecurity strategy that can reduce risks across many attack surfaces as their security teams battle known and unknowable threats. 


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