Updated: Feb 3
As the cybersecurity landscape continues to evolve, it's important for organizations and businesses to keep up with the latest trends in order to stay secure. In this article, we'll be looking at five cybersecurity trends that are likely to shape the industry in 2023. With these trends on the horizon, staying ahead of cybersecurity threats will become even more challenging for organizations around the world. Read on for a closer look at how each trend could affect your own security strategy over the next few years!
1. Attack surface expansion
The human factor is among the causes of 85% of breaches. The pandemic accelerated hybrid work and the shift to the cloud. On remote people are becoming less attentive and hacking methods, including social engineering campaigns, are constantly evolving. This leaves organizations more vulnerable to attacks. Identifying compromised systems and bad practices helps organizations to systemic risks and increase the ability to respond effectively to future incidents.
To reduce risks, organizations must have clear cybersecurity policies and continuously train a team in cyber hygiene.
2. More strict data privacy laws and cybersecurity regulations
According to Gartner, by 2023 65% of the world's population will have personal data covered under modern privacy regulations, up from 10% in 2020.
Despite the challenges associated with compliance, more and more organizations acknowledge that regulation incentivizes much-needed actions on cybersecurity and they can be effective tools for reducing cyber risks.
In the 2022 World Economic Forum’s Global Cybersecurity Outlook, more than half of business leaders did not agree that cyber and privacy regulations are effective in reducing their organizations’ cyber risks. The recent report indicates that 73% of respondents agree with the same statement.
3. Influence of supply chain attacks
According to Gartner, by 2025, 45% of organizations worldwide will have experienced attacks on their software supply chains, a three-fold increase from 2021.
Global Cybersecurity Outlook confirms that more and more business executives acknowledge that their organization’s cybersecurity risk is influenced by the quality of security across their supply chain of commercial partners and clients.
Security and risk management leaders need to partner with other departments to prioritize supply chain risk and put pressure on suppliers to demonstrate security best practices.
4. AI and other emerging technologies
According to the 2023 World Economic Forum’s Global Cybersecurity Outlook, business leaders across the globe believe that emerging technologies will affect their organization’s cyber-risk profile. Respondents said that artificial intelligence (AI) and machine learning (20%), greater adoption of cloud technology (19%) and advances in user identity and access management (15%) would have the greatest influence on their cyber risk strategies over the next two years.
Resources always have their limits. Therefore, leaders need to struggle to balance the value of new technologies/solutions implementations with the potential for increased cyber risks in their organizations.
5. The deeper cooperation with outsourcing service providers
Spending on security services including consulting, hardware support, implementation and outsourced services was estimated at almost $72 billion in 2022 and expected to reach $76.5 billion in 2023 (Gartner).
Cybersecurity has become far too complicated for organizations to manage on their own. Therefore, more and more companies decide to outsource their day-to-day security operations to experienced external service providers, especially SMEs.
A good commercial Security Operations Center (SOC) cannot substitute all organization’s cybersecurity efforts but could take many time-consuming cybersecurity monitoring things under its duty, including log management, incident detection, threat hunting, vulnerability management, etc.
With a reliable SOC partner, organizations can protect their digital assets without breaking the bank. So, if a company is looking to boost its security posture it is definitely worth considering. To learn more about ISSP SOC services please follow the link.
Taking appropriate steps now will ensure businesses can better manage potential threats before meeting them head-on next year. The digital landscape is constantly evolving and in order to safeguard the future of any organization, it's imperative that they monitor cyber-related technical and compliance trends.