Verizon Mobile Security Index: The shift to remote work sees a major rise in cybercrime
- Major attacks are on the rise—45% of companies surveyed suffered a compromise in the past 12 months, up 22% year over year
- Seventy-nine percent (79%) of respondents agreed that recent changes to working practices have adversely affected their organization’s cybersecurity
- Fifty-two percent (52%) of respondents said they have previously sacrificed the security of mobile devices, including IoT devices, to ‘get the job done’ (e.g., meet a deadline or hit productivity targets)
- Eighty-five percent (85%) of companies surveyed have budget dedicated to mobile security
Double down on cloud security
As more companies opt for cloud-based activities, cloud security—any technology, policy, or service that protects information stored in the cloud—should be a top priority in 2023 and beyond. Cyber criminals become more sophisticated and evolve their tactics as technologies evolve, which means cloud security is essential as you rely on it more frequently in your organization.The most reliable safeguard against cloud-based cybercrime is a zero trust philosophy. The main principle behind zero trust is to automatically verify everything—and essentially not trust anyone without some type of authorization or inspection. This security measure is critical when it comes to protecting data and infrastructure stored in the cloud from threats.
Ransomware-as-a-Service is here to stay
Ransomware attacks continue to increase at an alarming rate. Data from Verizon discovered a 13% increase in ransomware breaches year-over-year. Ransomware attacks have also become increasingly targeted — sectors such as healthcare and food and agriculture are just the latest industries to be victims, according to the FBI.
With the rise in ransomware threats comes the increased use of Ransomware-as-a-Service (RaaS). This growing phenomenon is when ransomware criminals lease out their infrastructure to other cybercriminals or groups. RaaS kits make it even easier for threat actors to deploy their attacks quickly and affordably, which is a dangerous combination to combat for anyone leading the cybersecurity protocols and procedures. To increase protection against threat actors who use RaaS, enlist the help of your end-users.
End-users are your organization's frontline against ransomware attacks, but they need the proper training to ensure they're protected. Make sure your cybersecurity procedures are clearly documented and regularly practiced so users can stay aware and vigilant against security breaches. Employing backup measures like password policy software, MFA whenever possible, and email-security tools in your organization can also mitigate the onus on end-user cybersecurity.
Data privacy laws are getting stricter—get ready
We can't talk about cybersecurity in 2023 without mentioning data privacy laws. With new data privacy laws set to go into effect in several states over the next year, now is the time to assess your current procedures and systems to make sure they comply. These new state-specific laws are just the beginning; companies would be wise to review their compliance as more states are likely to develop new privacy laws in the years to come.
Data privacy laws often require changes to how companies store and processing data, and implementing these new changes might open you up to additional risk if they are not implemented carefully. Ensure your organization is in adherence to proper cyber security protocols, including zero trust, as mentioned above.
