Amid the ever-changing cyber threat landscape, businesses must adapt and reinforce their cybersecurity strategies. While technological advancements have granted us access to unprecedented amounts of data, this convenience also exposes us to heightened risks of cyberattacks and security breaches. Let us delve into the significant cybersecurity trends that will shape the landscape in 2023 and beyond.

Importance of Cybersecurity for Businesses

Before delving into the specific trends that are shaping the cybersecurity landscape, it is of utmost importance to fully grasp the significance of cybersecurity for businesses in today’s digital age. A single cyberattack can unleash a torrent of devastating consequences, ranging from severe financial losses to irreparable reputational damage and even potential legal repercussions. To safeguard against such dire outcomes, companies must proactively invest in comprehensive and robust cybersecurity measures. These proactive measures serve as a protective shield, ensuring the safety and integrity of sensitive data, customer information, and valuable intellectual property and preventing them from falling into the hands of malicious actors with nefarious intent.

Ransomware-as-a-Service (RaaS): A Growing Threat

Ransomware attacks have seen a significant surge in recent years, where cybercriminals encrypt a victim’s data and demand a ransom for its release. In 2023, we can expect the emergence of Ransomware-as-a-Service (RaaS) platforms, making it easier for cybercriminals to launch ransomware attacks. To counter RaaS threats, companies must adopt good cyber hygiene practises and create a robust security strategy.

AI-Powered Attacks: Outsmarting Traditional Security Measures

Artificial intelligence (AI) has changed the game for both individuals and organisations. Regrettably, fraudsters are also using AI to create increasingly complex assaults. Attacks driven by AI that eschew conventional security measures are predicted to increase in 2023. AI has the ability to construct malware that can change how it behaves to avoid detection by security tools and produce convincing phishing emails. To effectively prevent such attacks, businesses must maintain vigilance and implement AI-enabled threat detection systems.

Supply Chain Attacks: Targeting the Weakest Link

With businesses relying on a network of suppliers and partners, the risk of supply chain attacks increases. Cybercriminals target third-party vendors and service providers to gain access to their customer’s systems and data. In 2023, we can expect more supply chain attacks as cybercriminals seek to exploit the weakest link in an organization’s security chain. To mitigate this risk, companies must assess the security posture of their vendors and partners and implement robust security measures throughout the supply chain.

Application Security: Safeguarding Software and Data

The shift of businesses online has highlighted the importance of application security. Every application is susceptible to hacking, zero-day attacks, and identity theft. Ensuring application security demands professionals write secure code, design secure application architecture, implement robust data entry verification, and promptly address vulnerabilities to prevent unauthorised access or modification of application resources.

Cloud Security: Securing Data in the Cloud

Cloud solutions have witnessed a significant increase in demand, especially after the COVID-19 outbreak. While cloud data storage offers convenience and faster accessibility, it also brings the need to secure data during transmission and storage. Companies must implement robust cloud security measures to prevent unauthorised access to sensitive data.

Mobile Security: Protecting Devices on the Go

With the increasing reliance on mobile devices, they have become potential targets for cyberattacks. Cybercriminals exploit opportunities in e-commerce, banking services, and online booking, making mobile phones a prime target. Companies must focus on enhancing mobile security to safeguard sensitive data stored on these devices.

Internet of Things (IoT) Security: Securing Smart Devices

The proliferation of IoT devices in homes and businesses has introduced new cybersecurity challenges. Smart devices, homes, and voice assistants have become integral to our lives, but each device can be hacked and taken over by a cybercriminal. As the number of connected devices increases, so does the potential attack surface. Strengthening IoT security is vital to prevent unauthorised access to these devices.

Identity Fabric Immunity: Strengthening Identity Systems

Identity fabric immunity applies the concept of digital immune systems to identity systems. By investing in prevention, detection, and response, companies can minimise defects and failures, ensuring protection before and during attacks. Strengthening identity systems is crucial to thwarting identity-related cyber threats effectively.

Human-Centric Security Design: Educating Employees for Better Security

Employees play a pivotal role in an organization’s cybersecurity defences. Human-centric security design emphasises the importance of educating employees about cybersecurity best practises. By raising awareness about potential threats and implementing security training programmes, companies can create a security-aware workforce.

Enhancing People Management in Organisations A Crucial Aspect of Cybersecurity

A successful people management strategy is crucial for a strong cybersecurity programme. Employing cybersecurity specialists must be a top priority for businesses, as must funding their ongoing education and advancement. For the overall security posture, it is also critical to give staff the tools and resources they need to stay current on cybersecurity developments.

Conclusion

As cyber threats continue to evolve, businesses must stay one step ahead to protect their sensitive data and assets. The cybersecurity trends discussed in this article are vital for organisations to enhance their security measures and safeguard their digital ecosystem. By adopting a proactive and comprehensive approach to cybersecurity, businesses can mitigate risks and build a resilient defence against cyberattacks.

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The study was conducted from September to November 2020. Security professionals, as well as IT engineers and business executives from various industries participated. Companies answered questions about 2020 events and plans for the next two years.

The year of the pandemic highlighted the many challenges that exist in cybersecurity, as companies were forced to adapt urgently to the new remote and hybrid work environment. This led to an increase in vulnerabilities and the formation of new risks.

79% of respondents cited secure remote access to corporate networks as a key need that needs more attention. It is worth noting that previously the first place and priority for companies was endpoint protection (69%).

The survey found that cybersecurity has grown in importance, with 9 out of 10 companies planning to maintain or increase their security budget over the next two years.

Only 42% of companies in Central and Eastern Europe have developed a comprehensive security strategy, with the majority of respondents (86%) stating that they are satisfied with their organization’s level of cyber security. This may indicate that some companies have a misleading sense of security. It is imperative that the approach to cybersecurity is dynamic and provides protection against attacks that are becoming more sophisticated by the day.

Leading the ranking in terms of developing a comprehensive cybersecurity strategy was Greece, where 63% of companies have already developed a strategy and 66% intend to increase their cybersecurity budget.

One of the factors affecting the level of IS is cloud solutions: 54% of respondents said they plan to move to the cloud within two years. This is a positive trend for companies seeking to preserve the flexibility of their approach, because cloud services tend to be more secure and allow for faster updates of IS systems.

The survey also identified the main directions of companies’ development in the field of IS for the next two years. It is worth noting the growing importance of continuous training, both for employees and IT specialists in the field of IS. In 2020, most organizations (54%) conducted IS training only on an ad hoc basis. This seems likely to change, as companies view professional development as a key driver of cybersecurity improvement.

At the same time, 68% of companies in CEE plan to provide cyber hygiene training within two years, with 56% focusing on improving the knowledge of technicians.

The past 12 months have brought unprecedented change to all areas of work life and prompted many organizations to accelerate their digital transformation. The survey results underscore the need for a proactive approach to cybersecurity to keep up with this rapid evolution.

European executives expect only 5% of employees to return to the office on a full-time basis. To mitigate the risks associated with securing remote workers, CEOs must support their employees: both by improving cyber hygiene and by providing tools that mitigate risks while allowing them to remain productive.

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• Designing the system with security recommendations in mind.
• Ensuring critical data is protected.
• Educating staff and the general public.
• Preparedness for possible incidents.

Clearly, there is no fully secure system in cyberspace. However, the probability of a cyber attack is much higher than a physical attack, and their level will only increase over time. That said, human error and insider threats remain the most frequent causes of successful cyberattacks. Personnel with access to important information use social networks, cloud technologies and portable storage devices (USB cards, external storage devices). Therefore, the main challenge is to increase cyber hygiene awareness of these personnel.

Thus, one of the most important factors determining the success of a national strategy is how much of a place the public will have in these issues. As mentioned above, cybersecurity issues should be of interest not only to government and business, but also to society as a whole. Therefore, it is necessary to understand that educational programs conducted for this purpose should not be aimed only at information security specialists, but should cover the broadest strata of the population. After all, many employees who have access to confidential information use personal computers and information storage devices. These same computers may also be used by other members of their families. So it is not difficult to imagine the risks that can be faced in the absence of basic knowledge of information security. As an example, the practice used in the U.S. to raise awareness among citizens can be cited:

National Cybersecurity Month (NCSAM). Since 2001, October has been National Cybersecurity Month in the United States. The Cybersecurity Month initiative is supported by the Department of Homeland Security (NSF). The month includes a series of events across the country to encourage vigilant use of cyberspace under the slogan “Our Shared Responsibility.

Data Privacy Day. On January 28 every year, Data Privacy Day is held with top government officials. The campaign includes a number of events and training sessions throughout the U.S., Canada, Europe and several other countries to draw attention to the importance of protecting personal information.

In conclusion, we would like to provide a list of strategic priorities that should be reflected in a national cyber security strategy:

Threat Awareness: Enhancing detection, analysis, mitigation and response to complex threats against the state, critical infrastructures and other vital systems.

Cyber Hygiene: Educational programs for the general citizenry that provide the necessary information resources and tools for personal online protection.

Government-business partnerships: working with business to advocate for secure and resilient infrastructure, networks, products and services.

Government Infrastructure: Modeling best practices for securing government systems, including systems that support on-line transactions of government services for citizens.

International Engagement: Promoting a secure, resilient and trusted global electronic environment that supports national interests. Law and Regulations: supporting an effective legislative framework and law enforcement system to prosecute cybercriminals.

Knowledge, expertise and innovation: Support the development of a workforce deeply specialized in cybersecurity, with access to cutting-edge research and development in the field to support in-house development and innovation.

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Confidentiality. Measures to protect sensitive information resources from unauthorized access in accordance with a security policy.

Accessibility. Provision of unhindered confidential access to the information system and information on an ongoing basis.

Integrity. Ensuring protection of information resources from unauthorized modification and proper functioning of the information system.

Next we will classify the goals of cyberattacks:

Sabotage. A cyberattack, which is aimed at disrupting the normal operation of information and communication systems (Denial Of Service Attack).

Espionage. A cyber attack that aims to allow an unauthorized third party to enter a system to read, change and delete information. This type of attack can also be used to use the victim system to attack other systems.

According to international practice, cyber security is based on three main components: cyber defense, cyber intelligence and cyber counterattack.

Cybersecurity includes the application of special protective measures necessary to guarantee the operation and functionality of systems. And these measures must reduce possible risks to an acceptable level. Cyber defense in turn includes the following steps: shielding, detection, response, and recovery.

Cyber reconnaissance is a combination of processes of collection, processing, production and distribution of information in cyberspace in order to detect and prevent possible cyber attacks and cyber crimes. At the same time, it is very important to include experts in big data analysis in the process in order to increase the effectiveness of this task.

A cyber counterattack consists of neutralizing an active attack, identifying the perpetrators, and executing, if possible, a retaliatory cyberattack to damage the perpetrator’s infrastructure.

Challenges to the application of the inevitability of punishment principle:

Attempts are being made internationally today to recognize cyber attacks as armed attacks. But it is still not clear that this will be a solution to the problem, and that such recognition and subsequent developments will not lead to more problems. By the way, according to NATO’s strategic concept, a cyber attack can be qualified as a military attack on a member of the Alliance, and after the appropriate decision, actions can be taken under Article 5 of the Alliance, which states that an attack on one NATO member will be considered an attack on the entire alliance.

The role of international organizations in addressing cybersecurity issues remains very limited, and many states (mostly developed ones) are not prepared to cooperate more closely and in a meaningful way on this topic.

The perpetrators of cyber attacks can easily dismiss charges because it is virtually impossible to prove the direct involvement of individuals, groups or organizations in a cyber attack.

Due to the difficulty of detecting an attack at the time of its commission, it becomes difficult or impossible to implement countermeasures and use international law.

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Thanks to the expanding possibilities of the virtual space, today even small states with a weak military-industrial complex or organized (often terrorist) groups can exert a powerful influence on large social groups. So digital equality can lead to global social change, the strategic significance of which is largely underestimated. While the goals remain largely unchanged (money, power, knowledge, influence, etc.), the possibilities of achieving them have greatly increased. Thanks to the Internet, espionage, sabotage, propaganda, cybercrimes and even terrorist acts using cyberweapons are now possible. The absence of borders in cyberspace, as well as the openness and anonymity inherent in the foundation of Internet technology contribute to a significant increase in cyber attacks. And while it is now much easier, cheaper and faster to launch such attacks, the cost of defense is increasing manifold.

A command in a digital environment can travel around the earth in hundredths of a millisecond, but it can take days or even months to analyze that command, recognize the attack, and identify the attacker. And sometimes the technology used makes such identification impossible at all. Keep in mind that cybercriminals are always one step ahead, because every defense is designed as a response to an attack. While the defending side is working to defend against a particular vulnerability, cybercriminals are already developing new attack methods and improving their skills. So the most important thing will be how quickly defensive measures are taken and how adequate they can be to the threat.

So today the problem of cyber security is more serious than the vast majority of Internet users can imagine.

Here are just a few of the most interesting and alarming facts and trends in this area:

Electromagnetic hacking

Recently, researchers at Tel Aviv University were able to crack the secret key used to encrypt information on a computer without having physical access to it. They read electromagnetic waves emitted by a computer in another room behind a wall.
Affordability of technology. The sophisticated $500,000 devices that used to be built for the secret services to detect, spy on, and tap cell phones have become much more affordable. One of these devices (StingRay, Triggerfish, KingFish, AmberJack, Harpoon are similar devices) disguises itself as a mobile operator’s antenna, intercepting all conversations and SMS sent from a particular gadget. Today, cybercriminals can also use very compact versions of these devices, which are also priced in the $1,500 range, with all the attendant consequences.

Spy chips in hardware

Apple has long expressed concern that network equipment ordered from suppliers in the standard way is being altered in the delivery process. The company has reason to believe that additional chips and software products not intended by the manufacturer are being embedded in the equipment. Incidentally, Apple is not the first company to express concern about the actions of the U.S. National Security Agency (NSA) regarding illegal access to the company’s confidential information. In this regard, Apple, as well as other IT giants such as Google, Amazon, Microsoft and Facebook are planning to produce their own network equipment and servers.

Spy irons

Such electronic trading sites as Amazon and eBay sell electronic devices that are deliberately infected with special spyware (Trojans) that collect and send information to certain malicious servers. Moreover, not only CCTV- or web-cameras, network equipment, computers, etc. pose a danger, but also seemingly safe irons, coffee-makers, mixers and other items of our household, which have recently been massively outfitted with electronic components. It was found out that these devices connect to wireless networks and transmit to intruders photos, video, audio and other information about a potential surveillance victim gathered via hidden cameras and microphones.

Encrypting the victim’s disk

A scam based on infecting the victim’s computer with a virus (one example is Ransomware), which immediately begins encrypting the entire contents of the hard drive, thereby hiding information even from the victim himself, has recently become popular among cybercriminals again. Then a message appears on the computer screen stating that all the content is encrypted and the victim will have to pay a fee to access his or her files. Moreover, the payment must be made in electronic money (bitcoin) in order to make it harder to identify the intruders. Otherwise, all the content is permanently deleted.

Identity Theft

Another type of cyberbullying that has recently become widespread is Identity Theft. Its essence is the use of the victim’s personal data to commit fraudulent transactions. Personal data that can be used during identity theft may include credit card data, bank account numbers, passport data, date and place of birth, signature samples, telephone numbers, home address, information about family members and friends, etc. One of the most common methods of “identity theft” has become hacking and taking possession of corporate and social media accounts, as well as email accounts.

The response to today’s challenges in cyberspace should be a national cybersecurity strategy designed to protect the information space, so important to the economy, state, public and national security.

The need for a national cybersecurity strategy

It is necessary to recognize as a reality the fact that our society is largely dependent on the information and communication space and this dependence will only grow over time. The problem is that under the onslaught of modern technologies, which are cheap, easy to use and reliable, other alternatives of communications are gradually disappearing. And this increases the vulnerability of every country. And yet, modern society has no other way but to become the guarantor of security and availability of modern technology.

The concept of the Internet of Things (IoT – Internet of Things) is becoming a reality. The Internet connects everyone and everything through sensors and devices constantly worn by people (smartphones, microphones, GPS trackers, etc.). As government organizations and businesses become more and more information-intensive, personnel have access to vast amounts of sensitive information without being restricted by location or time. In addition, the availability and cheapness of mobile devices for recording large amounts of information (such as Flash Memory Cards) increases the risk of intentional or unintentional uncontrolled dissemination of important information.

The maintenance and development of the digital economy should be one of the top priorities of the modern state in ensuring the security of national cyberspace. The minimum requirements necessary for the development of the digital economy listed below are directly related to the security and predictability of the digital environment:

• A government that exists in a digital environment and supports that environment;
• an innovative industry and business that feels secure in the digital environment;
• a public that is digitally literate and active.

An open, reliable and secure cyberspace is one of the most important priorities of every state in today’s world. For this, it is important to have a clear strategic vision that precedes the development of a robust national security system in cyberspace. Cybersecurity is not a one-time measure, but an ongoing process of risk management with no end in sight.

Given the constant sophistication of the methods and approaches used by cybercriminals, securing cyberspace is an extremely difficult strategic task that requires coordinated efforts from the entire society, including central government, municipalities, the private sector and society at large. In doing so, a cybersecurity strategy must have a clear goal: to support a secure, resilient and reliable electronic operating environment that guarantees the security of the state and promotes the digital economy.

The requirements for a cybersecurity strategy can be formulated as follows:

• A cybersecurity strategy should act as a foundation for a clear understanding of the subject of security, to further develop and improve cybersecurity, making it consistent and feasible.
• The strategy should create a culture of security and help recognize the reality of growing risks.
• A cybersecurity strategy should focus not on combating the consequences of cyber attacks, but on preventing them or at least reducing their duration, as well as on minimizing the negative consequences of such attacks.
• Based on international experience, it is necessary to develop and implement a methodology for assessing the degree of security of national cyberspace.
• The scale and complexity of today’s challenges, as well as the severity of possible consequences, raise this issue to the level of national importance.

It is also necessary to take into account the fact that threats, challenges and related technologies are changing very rapidly, so it is almost impossible to predict the direction in which they will evolve. This makes it necessary to revise the security strategy every few years or even more frequently. Thus, existing security strategies must be adjusted to the new realities and must be flexible enough to react quickly in an ever-changing environment.

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Why is cybersecurity important?

Companies in industries as diverse as energy, transportation, retail and industrial use digital systems and high-speed connectivity to provide efficient customer service and cost-effective business operations. Just as they protect their physical assets, they also need to secure their digital resources and protect their systems from unintended access. Intentionally breaking into and gaining unauthorized access to computer systems, networks or connected devices is called a cyberattack. A successful cyber attack can result in sensitive data being exposed, stolen, deleted, or altered. Cybersecurity measures provide protection against cyberattacks and provide the benefits listed below.

Preventing or reducing costs associated with security breaches

Organizations that implement cybersecurity strategies minimize the unintended consequences of cyberattacks, which can affect companies’ reputations, financial standing and business operations, as well as undermine customer confidence. For example, companies activate disaster recovery plans to prevent potential intrusions and minimize disruption to business operations.

Regulatory Compliance

Companies in certain industries and regions must comply with regulatory requirements to protect sensitive data from possible cyber risks. For example, companies doing business in Europe must comply with the General Data Protection Regulation (GDPR), which requires organizations to take appropriate cybersecurity measures to ensure data privacy.

Addressing new cyber threats

Cyber attacks evolve as technology advances. Attackers use new tools and invent new strategies to gain unauthorized access to systems. Organizations are adopting and improving cybersecurity measures to keep up with new and evolving technologies and tools for digital attacks.
What kind of attacks can a cybersecurity system protect against?

Cybersecurity professionals strive to minimize and prevent current and emerging threats that penetrate computer systems in a variety of ways. Here are some examples of common cyber threats.

Malware

Malware is malicious software. They include a number of programs that can be used by third parties to gain unauthorized access to sensitive information or to disrupt key infrastructure. The most common examples of malware are Trojans, spyware, and viruses.

Ransomware

Ransomware refers to a business model and a wide range of related technologies that attackers use to extort money from organizations. Whether you’re taking your first steps into AWS development or you already have experience with them, we offer specific resources to help you protect critical systems and sensitive data from ransomware.

Man-in-the-Middle Attacks

A man-in-the-middle attack occurs when an outside party attempts to gain unauthorized access through a network while sharing data. Such attacks increase security risks to sensitive information such as financial data.

Phishing

Phishing is cyberthreats that use social engineering techniques to lure personal data from users. For example, cybercriminals send emails with links to fake payment pages where users enter their credit card information. Phishing attacks can also lead to the download of malicious attachments that install malware on companies’ devices.

DDoS

A distributed denial-of-service (DDoS) attack is a set of actions aimed at overloading a server by sending a large number of spoofed requests. As a result, ordinary users are unable to connect to or access the attacked server.

Insider Threats

An insider threat is a threat that comes from people within an organization, such as employees with bad intentions. Employees have a high level of access to computer systems and can destabilize infrastructure security from within.

What is the principle behind cyber security?

Organizations implement cybersecurity strategies with the help of cybersecurity professionals. These specialists assess security risks to existing computing systems, networks, storage media, applications and other connected devices. They then create a comprehensive cybersecurity framework and implement protective measures across organizations.

An effective cybersecurity program includes training employees in security best practices and applying automated cybersecurity technologies to existing IT infrastructures. These elements work together to create multiple layers of protection against potential threats at all data access points. They identify risks, protect credentials, infrastructure and data, detect anomalies and events, respond to and analyze root causes, and help recover from events.

What types of cybersecurity exist?

Organizations implement cybersecurity strategies with the help of cybersecurity specialists. These specialists assess security risks to existing computing systems, networks, storage media, applications and other connected devices. They then create a comprehensive cybersecurity framework and implement protective measures across organizations.

An effective cybersecurity program includes training employees in security best practices and applying automated cybersecurity technologies to existing IT infrastructures. These elements work together to create multiple layers of protection against potential threats at all data access points. They identify risks, protect credentials, infrastructure and data, detect anomalies and events, respond to and analyze root causes, and help recover from events.

What types of cybersecurity exist?

A robust approach to cybersecurity addresses the following issues in organizations.

Key Infrastructure Cybersecurity

Key infrastructure refers to digital systems that are important to society, such as energy, communications, and transportation. Organizations in these areas need a systematic approach to cybersecurity because disruptions or loss of data can destabilize society.

Network Security

Network security provides cyber security for computers and devices connected to the network. IT teams use network security technologies such as firewalls and network access control to control user permissions and access to certain digital resources.

Cloud security

Cloud security refers to the measures that organizations apply to protect data and applications in the cloud. It is important to build customer trust, ensure resilient operations and enforce data privacy rules in a scalable environment. A robust cloud security strategy involves shared responsibility distributed between cloud solution providers and organizations.

IoT security

The term Internet of Things (IoT) refers to electronic devices that operate remotely on the Internet. For example, a smart alarm clock that sends regular updates to a smartphone is considered an IoT device. IoT devices pose an additional layer of security risk due to constant connectivity and hidden software bugs. That’s why it’s so important to implement security policies in network infrastructures to assess and minimize the potential risks associated with various IoT devices.

Data security

Data security protects data in motion and at storage locations with robust storage and secure data transfer. Developers use protective measures such as encryption and isolated backups to provide operational resilience to potential data security breaches.

Application security

Application security involves a set of coordinated actions aimed at strengthening application security against unauthorized manipulation during the design, development, and testing phases. Software developers write robust code to prevent bugs that could increase security risks.

Address protection

Address security measures address security risks that arise when users access an organization’s networks remotely. Address protections scan files on individual devices and remediate identified threats.

Disaster recovery and business continuity planning

These strategies are contingency plans that allow organizations to respond quickly to cybersecurity incidents while continuing to operate with little or no disruption. In addition, organizations implement data recovery policies to avoid data loss.

End-user training

Organizations’ employees play a key role in the success of cybersecurity strategies. It is critical to educate employees on security best practices, such as informing them to delete suspicious emails and refuse to connect unknown USB devices.

What are the components of a cybersecurity strategy?

An effective cybersecurity strategy requires a coordinated approach that involves organizations’ employees, processes and technology.

Employees

Most employees are unaware of current threats and new security recommendations to protect devices, networks, and servers. Educating employees on cybersecurity principles can reduce the risks of omissions that can lead to unwanted incidents.

The process

IT security teams develop robust security systems to continuously monitor and report on known vulnerabilities in organizations’ computing infrastructures. These systems are tactical plans so that organizations can quickly respond to and recover from potential security incidents.

Technologies

Organizations use cybersecurity technologies to protect connected devices, servers, networks and data from potential threats. For example, companies use firewalls, anti-virus software, malware detection software and DNS filtering to automatically detect and prevent unauthorized access to internal systems. Some organizations use zero-trust security technologies to further strengthen their cyber defenses.

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