8 Cybersecurity Threats to Prepare For in 2023

LogicGate | October 28, 2022
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Keeping up with new cybersecurity threats is a major part of your business plan. As attackers and scammers get more imaginative, staying on top of the latest dangers can help you protect yourself, your organization, and its reputation. 

It’s important to know that there are attacks that go in and out of fashion for cybercriminals, so you need to know what’s “in vogue” this season to stay safe. Arm yourself with knowledge as you plan for 2023 with this list of the eight biggest cybersecurity threats to watch for in the new year.

1. Human Error

No matter how you slice it, humans are the biggest risk factor for IT security. In fact, 23% of all data breaches result from human error. No matter how much you lock down your infrastructure, an unsuspecting employee can put it all at risk. Scams like phishing, spoofing, and malicious links and attachments still trick many employees into opening the door to cybercriminals. 

To combat this, continue investing in IT security training in 2023. Explain why cybersecurity matters so employees will actually follow your protocols instead of trying to find ways around them. You’ll want more than annual, check-the-box training, though. Coach your team regularly on cybersecurity — you can even use phishing tests to keep your team on their toes. 

2. Insider Attacks

We've established that human error is responsible for a large share of the data breaches organizations experience, but they're not the only threat that originates inside your business. Sometimes, a breach that comes on the inside is intentional: the work of a disgruntled or deceitful employee.

In some cases, this can occur when people with privileged access to sensitive information see an opportunity to exploit that access for their own gain, whether that's financial, political, or some other motivating factor. In others, especially during tough economic conditions like we're seeing now, it can stem from negative emotions harbored by employees caught up in downsizing that can lead some to cause intentional harm as they depart.

The best way to prevent this from impacting your business is to anticipate that it could happen and put measures in place to prevent it. That includes both human and technological monitoring programs to identify bad actors, flag suspicious activity, and immediately revoke access to all sensitive systems once it's clear there is or could be a problem.

3. Attacks Against Critical Infrastructure

Bad actors want to go after bigger, more impressive targets, and nothing excites them more than taking an entire city offline. In 2023, expect to see more attacks on businesses associated with critical infrastructure. 

Whether you’re in the energy or healthcare industries or just tangentially related to them, consider what you’ll do when you see these types of attacks against your business. In addition to following cybersecurity best practices, you also need to be aware of new CIRCIA reporting requirements if you experience a breach. 

4. Cloud Breaches

The cloud makes your data more available wherever you or your colleagues are in the world. But it’s a double-edged sword that could make it easier for attackers to access your information. In fact, 27% of organizations using the public cloud reported a breach in the last 12 months. 

Most cloud breaches are the result of

  • Improper configurations
  • Improper data sharing
  • Compromised credentials
  • Exploited vulnerabilities

This means you’ll want to frequently re-check your cloud configuration, as well as implement multi-factor authentication and encryption.

5. Mobile-First Attacks

Did you know that 60% of cyberfraud, like phishing and stolen passwords, happens on mobile devices? Since we store everything from our work email to banking information on our phones, mobile devices are a hacker’s wonderland. 

Add the importance of mobile device security to your cybersecurity training sessions. Give your team access to a VPN and virus scanners designed for mobile devices. 

6. IoT Attacks

Attacks on Internet of Things (IoT) devices increased by 300% from 2018 to 2019, and that trend isn’t slowing down. Chances are, your business relies on connected thermostats, printers, cameras, and lighting to streamline your day. While we love IoT devices, attackers will continue exploiting them in 2023 to breach your security. 

Connected devices increase your attack surface, so make sure you’re: 

  • Updating firmware
  • Using a separate router just for IoT
  • Enabling multi-factor authentication

7. Political Attacks

We have a rocky political landscape going into 2023. Russia’s invasion of Ukraine caused an all-out war in cyberspace, with alleged hackers from Russia launching attacks against Ukraine and its allies. 

Going forward, we expect to see more frequent and sophisticated attacks from pro-Russia groups. For example, pro-Russian group KillNet is allegedly attacking banks in NATO-aligned countries. 

It’s difficult to prevent orchestrated attacks, but the best way to protect yourself is to conduct regular penetration testing. A single weakness can give these attackers an opening to do a lot of damage, so seek out vulnerabilities and address them ASAP.

8. Remote Work

Remote work isn’t a new trend for 2023, but cybercriminals are getting more creative with how they target remote workers. Since employees aren’t in the office, it’s increasingly difficult for organizations to ensure security and confidentiality. 

Ransomware, phishing, and social engineering attacks are often seen to increase with remote work. To combat this, you should: 

  • Require secure internet connections and use VPNs (no more working on public wifi in coffee shops without backup)
  • Prohibit password sharing and require strong, unique passwords for all of your systems 
  • Take a zero-trust approach where you assume every device and user is a potential attacker

Make 2023 the Most Secure Year Yet

A proactive approach is the best way to protect your business and plan for cybersecurity in 2023. A single breach can cost you millions in lost data, fines, and regulatory action. Understanding the threats on the horizon will help you account for them in your processes in order to stay one step ahead of attackers.

Need a little help beating the bad guys? LogicGate’s GRC platform tells you what to look out for. Our automated platform helps you scale your enterprise's compliance and risk management. Request a no-strings-attached demo now to see how LogicGate works.

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