Top 6 Cybersecurity Trends Impacting Businesses in 2023

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Top-6-Cybersecurity-Trends-Impacting-Businesses-in-2023

It is more critical, now than ever, for companies to adopt automation because of the rigorous demands on today’s skilled experts and engineers to provide rapid and practical solutions.

 As news of hacking, ransomware and data breaches becomes more common, cybersecurity trends will inevitably change due to continued technological development. Below is a list of the top cybersecurity trends in the coming here.

Privacy Over Information Security

In 2023, one of the most significant cybersecurity trends is that compliance will likely incline more toward privacy than information security. The industry will experience increasing privacy legislation as numerous governments adopting stricter data privacy regulations will focus on a privacy-first approach out of necessity.

The platforms dominating business data are already shifting towards privacy-first policies in the digital era as third-party cookies die. Therefore, a privacy-first approach will become the need of companies to meet GDPR compliances. As the demand for data privacy increases, cybersecurity threats will also increase. Thus, brands adopting a privacy-first policy in their information management will lead in the competition and create more brand credibility in the market. Making confidentiality, and integrity, while not compromising on the availability of user data, will be the most significant trend of cybersecurity impacting businesses and will compel companies to embed strong information security management in their system.

Also read: Three Emerging Cybersecurity Trends Security Professionals Should Watch Out in 2022

Information, Privacy & Data Regulation’s Global Harmonization

The global harmonization of information and data privacy regulations will be another cybersecurity trend in 2023, improving security, especially data protection, innovation, interoperability, and cost. The harmonizing security frameworks will result in better information and data privacy for all enterprises and governments, enabling global trade and business rather than inhibiting it.

Constant data protection applications will reduce risks and build trust in 2023. The cybersecurity trend in 2023 will also reduce data duplication by having fewer national data residency laws with less data proliferation, thus causing less risk of data compromise. The interoperable architectures will facilitate privacy and security by design, a fundamental need for adequate information security.

Passwordless Future

Passwordless security will get more boost and will be one of the biggest cybersecurity trends in 2023, as it handles phishing attacks better to access management and enables a fundamental shift to phishing-resistant authentication. In 2023, passwordless security will secure enterprises and customers by strengthening organizational security (as it reduces the risk of password breaches) and credential stuffing attacks, thus enhancing user experience.

This case of passwordless will promote the adoption of a zero-trust model and identity access management methods with robust security control, making passwordless authentication smoother for organizations’ cybersecurity.

Supply Chain

In 2023, cybercriminals will increasingly use the supply chain as a tool for political attacks, particularly on crucial national infrastructure. The supply chain issue poses a severe cybersecurity threat to organizational IT security and data privacy since industries like healthcare, energy, banking, and transportation will become increasingly attractive targets.

The complexity, scale, and frequency of supply chain threats will evolve continuously in 2023.

For organizations to successfully protect against this cybersecurity threat vector, their supply chain security and risk management skills must continue to mature.

Businesses will also be under immense stress to uphold their high credibility.

Also read: OneTrust Launches New Products and Offerings for Privacy, Security, Data Governance, and Ethics Professionals during TrustWeek

Intensified IoT Risks

The IoT sector has been growing tremendously over the past several years, and this cybersecurity trend will continue into the upcoming year, raising the security risk for IoT businesses.

Businesses must emphasize connected device cybersecurity practices by adopting or revising pertinent information security policies and processes. To further secure those endpoints, manage vulnerabilities, and react to crises, businesses must also update inventories of their IoT-connected devices while monitoring and updating those devices more frequently.

It would be wise to begin the development cycles in cybersecurity today, so they can be future ready. This would be a wise move, because infrastructure security is fast becoming a crucial part of almost every organization.

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Nisha Sharma- No risk is Secured Tech Journalist at OnDot Media, Nisha Sharma, helps businesses with her cybersecurity and threat intelligence content expertise to enable their business with security awareness training. With 3+ years of experience and expertise in content writing, content management, Endpoint security, Application security, and compliance, Nisha has put her hands on content strategy and social media marketing. She has also worked for the News industry. She has worked for an Art-tech company and explored the B2B industry. Her writings include Zero trust security, Threat hunting, Data loss prevention, Security risk management, Security metrics, and measurement are her areas of interest. Nisha understands the importance of data privacy & vulnerability management in the business; thus, she always writes and addresses security risks and security solutions to help readers secure their business. With her background crossing technology, emergent business trends, and internal and external communications, Nisha focuses on working with OnDot on its publication to bridge leadership, business process, and technology acquisition and adoption. Nisha has done post-graduation in journalism and possesses a sharp eye for journalistic precision as well as strong conversational skills. In order to give her readers the most current and insightful content possible, she incorporates her in-depth industry expertise into every article she writes.