04 Aug Cybersecurity Trends in the second half of 2023

The second half of 2023 holds significant implications for businesses worldwide as the landscape of cybersecurity continues to evolve at an unprecedented pace.

we find ourselves living in a time of hyper-connectivity and rapidly shifting events that elude our control and defy prediction. Global crises like wars and pandemics, as well as local calamities such as flooding and rampant inflation, have created a perfect storm of uncertainty.

Amidst this climate of uncertainty, cybercriminals seize the opportunity, manipulating and social engineering, causing our most trusted workers to turn against their employers.

Insider-driven attacks have surged, encompassing both accidental or negligent actions and a growing number of compromises originating from trusted users. When viewed as victimless crimes, many individuals fall prey to these tactics and intentionally provide access. The era of the super malicious insider is upon us.

Lack of visibility and an understanding of intent render organisations unaware of ongoing threats until their names appear in the glaring lights of breach notifications.

By acquiring a comprehensive view, organisations can readily identify indicators of intent, enabling better decision-making to mitigate and prevent insider risks from manifesting into malicious insider threats.

Regrettably, the modern business landscape struggles to keep up with the challenges of running day-to-day operations, rising costs, and prevailing uncertainties. Consequently, many organisations are unaware of existing vulnerabilities or the presence of malicious actors within their digital environments.

The J2 CSC team constantly identify organisations that have open and accessible platforms and do zero monitoring to identify anomalies and detect compromise. This is the same as having an intruder in your home, but you do not see them because you do not bother to turn on the lights.

Shockingly, less than 28% of businesses enforce the use of multi-factor authentication (MFA), and even among those that do, many neglect to register MFA devices to their accounts. If it takes just one click for you to access your data, it is equally effortless for criminals.

Cyber threats are persistent and evolving. Adapting to the changing landscape and implementing robust cybersecurity measures is the only way to navigate the complexities of the modern digital world successfully.

Find out more about the trends in the second half of the year, and the solutions J2 Software provides, through J2’s official website.