In 2022, many tech-oriented industries witnessed a rapid digital revolution. While adopting digital technologies aids in implementing innovative and disruptive business models and procedures, it also carries security risks. For individuals and companies, keeping abreast of cybersecurity predictions and trends is critical to safeguard themselves against growing cyber threats. As a result, executives should ensure cybersecurity is woven into the digital fabric of their organisations.
It is critical for enterprises to understand the most recent threats and projections in this ever-evolving landscape. Moreover, businesses can take measures to protect their systems and data and reduce the possibility of being hacked or becoming a target of other forms of cyber assaults by being aware of cybercriminals' most recent strategies and techniques. As we head into 2023, IT executives and business owners should incorporate the following presumptions into their security plans for the coming year.
Increasing Security Considerations in the Cloud
Businesses are implementing cloud technologies to advance in their industry more quickly while reducing costs and increasing productivity. As the majority of companies will transition at least temporarily to a hybrid cloud environment, the hybrid and multi-cloud strategies can provide more alternatives for accessibility and burden balancing, creating security risks. According to MarketsAndMarkets, the size of the worldwide cloud computing market is anticipated to increase throughout the forecast period at a CAGR of 17.9%, from an estimated USD 545.8 billion in 2022 to USD 1240.9 billion in 2027. Moreover, in 2023, multi-cloud data infrastructure adoption will become the new standard as enterprises evaluate their current on-premises and cloud-based infrastructure. Organisations will make cloud computing an undifferentiated capacity to save overhead and facilitate the integration of cloud services and application support to remain competitive, secure, and agile. Thus, the need for security includes managing data and configuration through the various control mechanisms used by each cloud provider to limit unnecessary exposure.
Businesses must enhance employee education and training in order to reduce the risk posed by security vulnerabilities. Organisations unable to scale in the cloud safely using internal resources should collaborate with reputable outside partners with solid track records in privacy, security, and cloud deployments. In addition, open-source databases like PostgreSQL will maintain their popularity and growth due to their frequent security and bug patches and active user communities that actively improve the code to reduce security risks.
Economic Uncertainty Leads to Vulnerabilities
Budget cuts, and staff lay-offs result from inflation and the uncertain economy. Attackers could be attempting to take advantage of the global recession and concerns with the global economy. Therefore, organisations with valuable financial or other resources, as well as those reducing staff, mainly IT and security personnel, will be targets for organised groups looking to profit. There may also be an increase in insider threats, which can stem from internal and external motivations. For instance, internal employees may fear for their financial security when salary cuts, pay freezes, or lay-offs occur. And new operating service models may emerge. Businesses that have decided to outsource certain functions may choose a more flexible service model, and companies that once employed three to four database administrators (DBAs) may switch to a managed service model.
Further Investment in Transparent Data Encryption(TDE)
Data encryption will become a best practice as concerns about data security grow among large companies that have accelerated their cloud journeys, particularly those in financial services. Encrypting data at the database level significantly improves data security by granting full management to the DBAs while prohibiting unauthorized access to customer data. It can help protect sensitive information and other cloud data assets from unintentional disclosure and unauthorized access by threat actors who lack the required decryption keys. Overall, this aids businesses in developing a security architecture that lessens a range of threats that might result in a security breach.
In a nutshell, businesses can expect to see the cybersecurity threat landscape evolve and expand in 2023. It’s imperative that businesses continue to be alert and invasive in their efforts to secure their networks and sensitive data to safeguard against these dangers. This could entail performing a security evaluation of the IT environment, adding new security safeguards, educating staff members on best practices, and keeping abreast of emerging trends and dangers.