Cybercriminals are persistent, sophisticated, and constantly adapting to new technologies. With more companies using cloud services and the growing importance of password security, attacks are likely to rise in the near future. However, the cybersecurity industry is also innovating and improving to combat these threats.
Microsoft’s 2022 Digital Defense Report revealed a significant 74% rise in password attacks, with about 921 attacks happening per second. The report also highlighted that attackers are successfully exploiting the common use of passwords by compromising business networks before launching phishing campaigns. This makes it difficult for victims to distinguish between legitimate and malicious communication, even when they try to verify the authenticity of the site.
Although the high number of attacks per second is alarming, there are steps that individuals and organizations can take to decrease it. Passwords can be inconvenient and people may not trust or understand the available security options. Using password managers and implementing two-factor authentication on all accounts can help create stronger passwords and reduce the success of phishing attempts.
In the past year, many companies and individuals have adopted cloud technology, and this trend is expected to continue in 2023. This shift towards using cloud-based applications and infrastructure instead of traditional on-premises systems has increased the risk of cyber attacks.
In 2022, spoof emails and ransomware were major issues and are expected to continue being a concern in 2023. Spoof emails, or fraud emails that appear to be from someone within an organization, can cause significant damage. They often use tactics like creating a sense of urgency or using scare tactics to persuade the recipient to comply with the attacker’s demands. It is advised to be cautious with emails that request quick payment as they can be fake, containing legitimate invoices but with cybercriminals banking details.
Despite the high levels of ransomware attacks this year, many organizations still don’t have a clear understanding of where their important data and systems are located, making them vulnerable to attack. A good starting point would be to create a comprehensive inventory of all the data used by the organization, in order to develop a plan to protect it. This can include measures such as employee training, compliance with guidelines, using suitable software, and having secure data storage and backup, as well as a disaster recovery plan. Data protection should be a priority for organizations of all sizes.
It has been predicted that the growth and advancements in smart technologies, such as internet of things (IoT) devices, car connectivity, and infotainment, will create new opportunities for cybercriminals to attack in 2023. As attacks become more advanced and targeted, it’s crucial for individuals and organizations to have some form of protection in place, regardless of the location of their infrastructure or the device they are using.