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Cybercrime is on the rise and several new studies show that cyberattacks are a national and international threat to countries, businesses and private citizens.
From ransomware and social media hacks to outright cryptocurrency warfare, the need for robust cybersecurity has never been more urgent. Businesses are looking for guidance on how to prepare for the increased risks of the digital age.
Searches for “how to prevent ransomware” have increased 300% in the last three months, according to data from SCC Cyber. Meanwhile, concerns about “IoT hacking” have increased 125% since August, while searches for “cybersecurity law” have increased 133% year-over-year.
Paul Allen, Practice Director, IT Managed Solutions Company SCC Cyberhas identified the top six cybersecurity trends to watch in 2023.
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The first trend SCC Cyber identified as important in 2023 is people.this in it dramatic gap Demand and supply of cybersecurity workforce.
The cybersecurity workforce is at an all-time high, but about 3.4 million more workers are needed to meet global demand for this growing industry.
Allen advises that skilled cyber workers get to choose the companies they work for, so they need to acquire, retain and listen to skilled staff.
AI and machine learning (ML) are very important in cybersecurity, but they are also tools for attackers. So skilled people can make a big difference in strengthening your cyber defenses.
Investing in and developing a team of highly skilled people will enable internal growth and development, says the Advice report.
2 – Ransomware / Extortion
Ransomware and extortion were the main threats in 2022, but the latter seems to be on the rise.
Because extortion is essentially unencrypted ransomware, attackers can easily extort money from people’s personal information with less time and effort.
Ransomware is ‘The most serious threat’ Confronting UK cybersecurity, according to reports. NCSC.
Allen calls for a “structured and consistent approach” to mitigating these cyberattacks. A “maturity plan” is essential to ensure cybersecurity in the face of this growing threat.
Staff training to ensure data confidentiality and auditing of email security, backups, and internal governance are integral to this plan.
3 – Artificial Intelligence and Machine Learning
Allen said AI and ML could be game-changing in sectors with staff shortages, but they must be applied and used responsibly.
Skilled talent and clear governance are essential to using AI and ML responsibly, and these technologies greatly assist mature companies.
The application of AI and ML must reduce business risk, not just use expensive technology with no credible benefit.
4 – Pressure relief with AI and ML
The rest of the advice warns about the potential impact of AI reliance on inexperienced teams, but AI and MI offer significant benefits.
AI and ML technologies are well known for their ability to analyze large amounts of data in a short amount of time, reducing the overall workload and identifying threats efficiently and effectively.
As your business matures, AI and ML technologies can help you expand your capabilities, even if you can’t expand your team.
5 – Expanding IoT
IoT technology is growing in popularity, but its security standards need to catch up. IoT technology vulnerabilities are well documented and lag behind the technology adoption.
Ineffective software development and poor design standards can leave your network vulnerable to attack. In addition, the lack of physical hardening and the insecure storage and transmission of data make many IoT devices attractive targets for cybercriminals.
A new report from Microsoft outlining cybersecurity risks globally showed that IoT devices are a major risk for hackers as they provide a gateway to networks with little security.
Due to the affordability of many IoT devices, they are often left unmanaged and untracked, leaving room for hackers to take advantage of.
Malware can easily target mass-produced IoT devices, especially those without built-in security features.
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Security tools specific to IoT devices can be used to conduct a risk assessment, followed by broader monitoring solutions to reduce overall risk.
6 – Law (both UK and EU)
Government action on cybersecurity is increasingly taking the form of legislation and initiatives by government agencies.
Last year, the UK government introduced the Product Security and Telecommunications Infrastructure Bill. It aims to codify rules and regulations for technology manufacturers to ensure security measures are taken in IoT technologies.
UK government agencies are also taking action. NCSC launched New “scan” system Audit devices and networks to identify vulnerabilities and track security posture.
Businesses should consider whether they are keeping up with changing laws and recognize the beneficial efforts to keep their devices and networks secure.
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