In this blog post, we’ll cover the top cyber security threats that you should be aware of in 2023.
Cyber threats and attacks are increasing year-after-year, with damages to companies expected to rise by $30 billion in 2023. Cyberattacks can happen for many different reasons and through different techniques to exploit vulnerabilities in a company’s security systems, processes, or procedures.
Your business is at risk from phishing, malware, hacking, ransomware, spam, and social engineering. That is why it is crucial to provide cybersecurity training to employees. In addition, training your employees is an excellent way to increase the resilience of your company.
If you’re looking for the top cybersecurity training provider, InfoSec4TC is a reliable name you can count on. We ensure that your staff members are properly trained, aware of potential security risks, and prepared to take action if one is found. By educating your staff, you can make your defenses against hackers stronger.
To learn more about the top cyber threats of 2023, read out the following blog:
What is a Cyber Attack?
A cyberattack is when an attacker attempts to acquire unauthorized access to an IT system to steal, extort, disrupt, or for other nefarious reasons.
Your entire business could be in jeopardy from a single error made by an employee. Unfortunately, humans are susceptible to believing in fraudulent identities, get tempted by attention-grabbing headlines, and falling for other sneaky tactics that hackers employ to acquire corporate data. Employees who lack the knowledge to recognize threats will not be able to respond to, report, or remove threats.
Top 10 cyber security threats
The following are the top 10 cyber security threats that you should be aware of:
Malware is a term that is used to describe software that is capable of performing numerous harmful operations. For example, malware strains can be created to keep an eye on employees to collect credentials or other important information, to make continued access to a network, or to disrupt normal operations.
Malware can sometimes be created specifically to extort the victim. Ransomware, a program that is specifically designed to encrypt the target’s files and demand money in exchange for the decryption key, is arguably the most well-known type of malware.
Phishing, one of the most commonly reported cybercrimes in the U.S., results in immeasurable financial losses each year. Phishing attacks are attempts to trick naive victims into divulging personal data, including passwords, credit card details, intellectual property, and so on. Due in large part to how easy and successful it is to conduct, phishing is undoubtedly the most common kind of cybercrime. The best way to protect your employees against these threats is to provide the best cybersecurity training to beginners as well as experienced professionals.
Man-in-the-middle attack (MITM):
A man-in-the-middle attack (MITM) is another cyber-attack where an attacker intercepts a conversation between two parties in an effort to spy on the targets, obtain sensitive data or login credentials, or possibly even change the dialogue in some way.
Nowadays, MITM attacks are less frequent because most chat systems and emails use end-to-end encryption, which makes it impossible for outside parties to tamper with data being sent across a network, whether that network is secure or not.
Denial of Service:
A cyber assault, recognized as a denial of service (DoS), floods a computer or network with requests, preventing it from responding. The same technique is accomplished via a distributed DoS (DDoS), except the attack comes from a computer network.
Cyber attackers typically employ flood assaults to obstruct the “handshake” process and perform a DoS. However, there are a variety of additional techniques that could be used, and some cybercriminals make use of networks being down to conduct additional assaults.
The goal of an eavesdropping attack, also known as “snooping” or “sniffing,” is to intercept and access data being sent across a network by looking for unencrypted network connections. This is why employees must utilize a VPN when connecting to the company network via an unsecured public Wi-Fi hotspot.
A specific kind of cyberattack called a Structured Query Language (SQL) injection happens when malicious code is inserted into a server that supports SQL. When infected, the server releases information. Simply typing the malicious code into a search box on a susceptible website can submit it.
With the right password, a cyber attacker gets access to a lot of data. According to Data Insider, social engineering is a sort of password assault that “relies primarily on human interaction and frequently involves persuading users into breaching common security procedures”. Other password attacks include brute-force guessing or gaining access to a password database.
When a person is the target of a “drive-by download” attack, a victim accesses a website without thinking, at which point malware is downloaded and installed on their computer. It’s possible for the attacker to directly control the target website or for it to already be compromised.
Sometimes, banner ads and other promotional materials may include malware. In addition, thanks to the availability of exploit kits, amateur hackers can now easily create damaging websites or transmit malicious content through other means.
Another type of cyberattack in 2023 is known as a zero-day exploit. These attacks allow hackers to take advantage of vulnerabilities in widely used software applications and operating systems by targeting firms that use such products before a fix is made available.
DNS tunnelling is a complex attack technique designed to give attackers ongoing access to a specific target. Since many businesses do not monitor DNS traffic for dangerous behavior, attackers can “tunnel” or insert malware into DNS queries (requests sent from the client to the server). In addition, the persistent communication channel that the malware is used to create is often invisible to firewalls.
What are the top threats to cyber security today?
The top cybersecurity threat that you should be aware of: Malware. Ransomware. Distributed denial of service (DDoS) attacks.
Where will cybersecurity be in 5 years?
By 2025, 60% of businesses will consider cybersecurity risk as their top consideration when engaging in third-party transactions and business activities.
How long can a cyberattack last?
Given their struggles with not knowing what they are doing, most businesses fall in the two to the four-week range.
These are some of the top cybersecurity threats of 2023 that every business owner or employee should be aware of. To know more about these threats and how to deal with them, visit Schoo.InfoSec4TC right away. Our professionals will help you gain the needed knowledge for the latest industry needs. To learn more, visit our website right away.