5 key cyber threat trends and developments in 2023
Key trends that emerged in 2022:
- A lot more state involvement in cyber attacks.
- An unprecedented increase in destructive wipers used to destroy machines.
- Strong market for ransomware buyers.
- Ransomware moved from encryption to extortion.
- Most attacks were linked to common misconfiguration.
- DDOS attacks surged in scale and scope.
Developments in 2022
- State actors extending scope and reach.
- War in Ukraine highlighted critical infrastructure weaknesses.
- Ransomware caused a ‘national state of emergency’ in Costa Rica – the primary motivation could have been attention.
- Cyber attacks are coming from a mix of experienced attackers and hobbyists whose primary purpose is to cause disruption.
- Supply chain became a more significant threat.
- War in Ukraine shut down German energy giant.
- When a sector is under pressure it’s more vulnerable to attack.
Predictions being realised for 2023:
- Advanced persistent threats (APTS) will dictate the geopolitical cyber threat landscape.
- Securing critical infrastructure will remain a key issue, for example, food supply chains and essential manufacturing production.
- Ransomware will remain the single greatest cyber threat, but with more extortion such as auctioning of data.
- Misconfigurations and cloud-native threats are expected to increase substantially.
- Supply chain attacks will continue to grow.
What should you do?
- Make sure you’ve excellent detection procedures and technology in place.
- Check your configurations and get an external review.
- Ensure you have an effective programme to manage threats and constantly review potential threats within your supply chain.
The cyber threat landscape in 2022 was almost the same as every other year; ransomware continued to dominate and supply chain attacks were a recurring problem. But one thing changed the landscape entirely, Russia’s invasion of Ukraine changed cyber warfare and information security forever.
The BDO Managed Threat Intel Team have been tracking these state-sponsored threats. In this webinar, you’ll get familiar with the emerging trends and developments arising from this change. Leave the webinar better prepared to know what cyber threats could be coming in the next few months.
Eoghan is a Director with BDO and leads the firm’s cybersecurity work. His experience includes helping organisations to improve their approach to the identification, assessment and management of cybersecurity risks. His experience includes working with organisations in Mining, Education, Pensions, Manufacturing, Healthcare, Government, and Not-for-Profit sectors. He is a board member of the Royal Society of Public Health’s Food Special Interest Group.
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