Forecast: Top Data Threats for 2023

Security Blogs | 5 min read

(Alt text: Top Data Threats for 2023)

Data breaches have increased over the past few years, and 2023 is predicted to be no different. The environment of data risks is always changing as a result of technological advancements and the advanced capabilities of hackers. It's critical to stay up-to-date on the new data threats that can jeopardize the availability, confidentiality, and integrity of our priceless data assets as we move ahead in 2023.

In this blog post, we'll examine the top data threats that are predicted to present major difficulties this year. We can better secure our digital infrastructure and maintain the confidence of our stakeholders by being aware of these dangers and taking proactive steps to bolster our defenses. While it's impossible to anticipate threats with 100% precision, there are some trends that could increase the likelihood of data breaches in 2023. Let's understand the current data threats and learn useful techniques for reducing them.

Table of contents

• Data Threats Predictions for 2023

1. Assaults using Ransomware

2. Artificial Intelligence Security Issues

3. Automotive Hacking

4. Mobile Banking Trojans

5. Software Supply Chain Attacks

6. Attacks on Open-Source Software Libraries

• Preventive Measures

• Conclusion

Data Threats Predictions for 2023

In our opinion, the following are the major data security threats that could occur this year:

1. Assaults using Ransomware

Since a few years ago, ransomware assaults have increased, and this trend is going to continue in 2023. In a survey of 1,400 cybersecurity experts worldwide, Cybereason found that 73% of businesses had experienced at least one ransomware attack in 2022. There are more options for hacktivists to launch assaults that can lock users out of their devices and networks. This is a result of the rising use of cloud technology and the expansion of the IoT. Backing up crucial data and putting robust security measures in place, including two-factor authentication, are crucial for reducing this risk.

2. Artificial Intelligence Security Issues

The integration of AI across many industries, along with the incorporation of machine learning, has led to a profound evolution in the realm of online security. While AI has contributed to the development of sophisticated security measures such as facial recognition, it has also been utilized by malicious actors to create sophisticated malware that can evade the latest data protection and security protocols. AI-powered threat detection systems have the ability to anticipate future attacks and alert administrators in the event of a data breach.

3. Automotive Hacking

The incorporation of automated software in contemporary vehicles enables drivers to access a wide array of features. These vehicles establish connections through Bluetooth and Wi-Fi, which exposes them to various potential hacking threats. As the number of automated vehicles continues to rise in 2023, it is expected that there will be an increase in attempts to gain unauthorized control over them. The complex nature of autonomous vehicles necessitates the implementation of rigorous security protocols.

4. Mobile Banking Trojans

Mobile banking Trojans are on the rise and are swiftly overtaking other threats to mobile security. These harmful programs can be used by online criminals to defraud unsuspecting victims of their money and sensitive data. They frequently pass as legitimate applications, which makes it simpler for users to install them without realizing what they are really there for. In 2022, Kaspersky experts detected 196,476 mobile banking Trojan installers.

The Trojans have the ability to track user locations, intercept text messages, and steal personal information, including passwords and financial information. Even worse, they're evolving to a higher level of sophistication. They are able to get around two-factor authentication, which makes it much more difficult to stay safe. The good news is that you can defend yourself against these dangers. Keep your software up-to-date and only download applications from legitimate sources.

5. Software Supply Chain Attacks

Attacks on the software supply chain of a corporation entail breaking in to gain access to private information. Due to the potential for simultaneous impact on many businesses and organizations, this kind of attack can be especially harmful. It's crucial to vet suppliers and install robust security measures throughout the supply chain to prevent this threat.

6. Attacks on Open-Source Software Libraries

Security incidents involving open-source software libraries have increased in recent years. F5 shares that only a few organizations are aware of the libraries they use, even though many apps and services employ open-source software (nearly 78% of all current software is composed of open-source code). Threat actors will turn to more vectors, such as the use of third-party code, libraries, and services within an application, as defenders strengthen the "perimeter" of applications (i.e., public-facing web apps and APIs).

Preventive Measures

It is critical to be aware of the above-mentioned dangers and to take precautions to safeguard not only your business application but also the trust of stakeholders from security attacks. Here are some recommendations for defending against online attacks:

• Use strong passwords and change them often.

• Be cautious when sharing information online.

• Avoid emails from unknown senders.

• Update your code frequently.

• Use an antivirus program and a firewall.

• Maintain regular data backups.

Conclusion

Even though it is hard to foresee exactly what security breaches will occur in 2023, it is crucial to be aware of the data threats and take precautions to reduce them. Trends such as ransomware assaults, artificial intelligence, mobile banking trojans, supply chain attacks, automotive hacking, and open-source software libraries are all areas where data threats are expected to increase in 2023. You can reduce security breaches and safeguard sensitive data from thieves by being cautious and putting robust security measures in place.

Don't risk the security of your business application and your data. Join forces with Bugsmirror right away. You can protect your company’s products from increasing security threats with the help of our extensive security services, professional advice, and proactive attitude.