Three Key Areas in Enterprise Cybersecurity to Focus on Before Entering 2023

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Cybersecurity
Three-Key-Areas-in-Enterprise-Cybersecurity-to-Focus-on-Before

Organizations will have a solid cybersecurity foundation to face the new challenges in 2023 if time and resources are allocated to the areas with security concerns.

It’s tempting to devote all IT resources and brainpower to 2023 planning as 2022 draws to a close. However, it would be incorrect to assume that this year’s agenda has been completed. Due to the constantly changing cybersecurity environment, new attack techniques and vulnerabilities are constantly emerging.

While addressing these threats will undoubtedly be a top priority in the coming year, three crucial issues need to be resolved before 2022 comes to an end.

Security Concerns Around the Great Resignation 

The Great Resignation and the employee management trends it alludes to have persisted in 2022 and will probably continue to do so through 2023 and beyond.

Also Read: Strategies to Identify and Mitigate Insider Threats

Socioeconomic challenges, the demand for a better work-life balance, gender inequality issues, and other important issues must all be addressed by companies.

Organizations must simultaneously figure out how to close the productivity gaps caused by the Great Resignation. Businesses are turning to external experts or companies for assistance more often. Regrettably, this practice might create new security vulnerabilities.

For instance, hackers can access the network if consultants use public Wi-Fi for work. It is crucial to encourage consultants to create a Wi-Fi account specifically for the business, as opposed to one they use for other client work or personal devices. Given their mobility, this is not always feasible, but at the very least, it is important to restrict the use of unsecured or public networks.

Another vulnerability that can be easily exploited by hackers is when companies fail to routinely check access controls to ensure that only necessary and relevant files and systems can be accessed by external groups. Additionally, it’s crucial to stop access as soon as a partnership ends and to periodically ensure that former consultants no longer have access. It’s crucial to have a set schedule for auditing access policies and to never let that schedule lapse.

Taking care of password hygiene is still another essential factor. A recent Verizon Data Breach Investigations Report indicates that stolen credentials were used in over 80% of hacking incidents. Additionally, research has consistently shown that at least 71% of users reuse passwords. All of the accounts secured by a password are at risk if just one of the websites linked to it has been compromised.

With workforce management challenges to increase in 2023, it’s essential to implement policies addressing the inherent security vulnerabilities associated with The Great Resignation.

Assess Multi-Factor Authentication Vulnerabilities

Hackers are increasingly seeking to evade Multi-Factor Authentication (MFA), which is a critical trend in IT security. Users must enter two factors from different categories of credentials in order to log in, and this has long been hailed as a secure method of authentication. Threat actors, though, have discovered a workaround.

In the coming year, this trend can intensify. To stay ahead of hackers, all IT leaders should be aware of this issue and enforce increased protection around MFA. Strong device trust should be implemented in order to restrict or deny access from unmanaged or unidentified devices.

Also Read Four Cybersecurity Misconceptions the C-Suite Must Be Aware Of

Assuming a Risk-Based Perspective

This year, adopting a risk-based approach for assessing vendor agreements and business deals should still be a priority for IT security. This might entail requesting information on the cybersecurity posture, cyber insurance coverage, and event issues of the potential vendor.

This method helps businesses identify any cybersecurity threats posed by vendors so they may take the required precautions to prevent threat actors from using them as an entry point.

For IT and security teams, third-party threats are typically top of mind but less so for other departments. As a result, tech leadership needs to inform all interested parties about how to view business relationships from a cybersecurity perspective.

There are only a few weeks left in 2022; therefore, it’s critical to address current cybersecurity issues.

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