What Are The Three Biggest Cyber Security Threats Of 2023?

One of the biggest threats to businesses these days has to be cyber security breaches, whether resulting in data leaks or the complete breakdown of the company’s computerised structure. 

So, what are the biggest cyber threats of 2023 to look out for?

Continued ransomware threats

Ransomware, which is when cyber criminals encrypt files that prevents access to the device or data in order to receive a ransom for decryption, was big news in 2022, and it is set to remain so this year.  

According to the CVP of Microsoft Modern Protection and SOC Rob Lefferts, it is “one of the biggest threats we face and it continues to grow”. 

There was a huge 130 per cent rise in ransomware attacks last year, with victims included gig organisers and even nation-states. 

Identity and authentication attacks

Companies will also face threat this year from unauthorised people gaining access to confidential information through identity and authentication-related attacks. 

This is typically done by deceiving their way into the business or purchasing credentials that give them access. 

Vice president of security engineering for Google Heather Adkins told Venture Beat: “Platform makers will be pressured to help consumers and enterprises defend against malware that steals those credentials.”

Re-used passwords

Encourage employees to create new passwords frequently and remind them not to use old ones. This is because cybercriminals will increasingly target re-used passwords and secret questions to gain access to data. 

Senior director for platforms and ecosystems at Google Mark Risher advised adopting more secure authentication, such as passkeys and federated identity. 

Looking for help with your cyber security this year? For IT services in Colchester, call us today for a chat.

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