Cyber security is one of the world’s most fast-moving sectors, which has seen immense technological advancements and investments in the last two decades. However, despite the many evolutions of cyber security, the digital environment remains unsecure. As we head into 2023, we see that organizations worldwide continue to struggle with the constant threat of cyber-attacks and security breaches. The digital footprint of organizations is continuously expanding, which makes centralized cybersecurity control obsolete. End-user spending for the information security and risk management market is estimated to grow at a compound annual growth rate of 11.2% from 2020 through 2025 to reach $233 billion (about $720 per person in the US) in U.S. dollars.” – Gartner.
Continuous technological change also implies a parallel shift in cybersecurity issues and trends as news of data breaches, ransomware, and hacks surfaces from time to time. Data security and risk management have now become board-level problems for global organizations as hackers can cause major disruptions in business operations and disclose confidential information.
This article highlights the top five cybersecurity trends for 2023 that will help you build business resilience by implementing high-end security practices.
Trend 1: Zero Trust Model
In a digital environment, the problem arises when a user presumes that he/she can move freely around a system with access credentials. In an ideal environment, companies would have a strong ransomware and phishing defense. However, that is not the case. No matter how many security defenses organizations have in place, as soon as the user clicks on a malicious attachment or link, it allows the cybercriminals to breach the system.
The zero-trust model is one of the most effective cybersecurity trends for 2023 that restricts network access to users who need it.
Access is granted to authorized users with patterns based on device, identity, time, and contextual cybersecurity awareness. Everything must go through security protocols such as user identity verification and access control steps.
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Trend 2: Security-as-a-Service
Ransomware and malware threats are causing many organizations to look for security-as-a-service solutions. Cloud security protects cloud-based services, applications, and data through defined processes, technology, governance policies, threat management, and accessibility controls.
Usually, managed service providers (MSP) or managed security services providers (MSSP) provide cloud security-as-a-service solutions.
MSPs like AlphaBOLD offer a larger team of cybersecurity experts with broader and more diverse product and process knowledge.
Trend 3: Machine Learning
The recent increase in cyber threats has made the role of machine learning (ML) and artificial intelligence (AI) more proactive. Many organizations are adopting tech to automate their cybersecurity efforts, including threat detection.
ML can help simplify complex processes, making them more efficient and less costly. For example, ML can help develop patterns and manipulate large data sets into algorithms.
Therefore, incorporating ML enables cybersecurity systems to assess attack trends and understand the behavior of cybercriminals. This helps to prevent similar assaults in the future and decreases the time required for cybersecurity professionals to act.
Trend 4: Vendor Consolidation
Presently, security products are converging. Vendors are consolidating security capabilities and functions into unified platforms, introducing pricing and licensing options to make packaged security solutions more attractive.
While it may introduce new challenges, such as reduced negotiating power and potential single points of failure, businesses see consolidation as one of the most popular cybersecurity trends for 2023. These trends should reduce complexity, cut costs and improve efficiency, leading to better security.
Trend 5: Cybersecurity Mesh
The current security product consolidation trend is driving the integration of security architecture components. Although, there are still some conflicting areas of inconsistent security policies, enabling workflows, and sharing data across multiple consolidated solutions.
Thus, a cybersecurity mesh architecture (CSMA) provides a standard, integrated security framework and posture to protect all assets in the cloud and data centers.
It is not certain what the future holds for cybersecurity, and many organizations are still trying to figure out how to strengthen their networks amid the current chaos.
These cybersecurity trends for 2023 and beyond may alarm many organizations, but they also provide insights into what we can expect in the coming years. More than $100 million is predicted to be spent on protecting organizations’ security mechanisms. This makes it clear that cybersecurity experts and administrators will have their hands full over the next few years. Therefore, seeking assistance from a managed security services provider (MSSP) like AlphaBOLD can help you better tackle the situation.