Unprecedented challenges are being faced by security teams every year & every decade! This year too appears no less daunting. Never before has the need for and importance of data protection solutions and advanced identity required more than now. Though cyber threats pose to be one of the top security challenges in 2023, new technologies are surfacing & these adoptions to the enterprise environment bring their vulnerabilities and perennial issues, forming the key challenges year after year.
Kryptos robust Enterprise Security Solutions assist partners and organizations across the globe while having complete control over the applications and infrastructure they rely upon in day-to-day activities. Additionally, with expert support from the Kryptos security team, business efficiency would be improved, and sensitive data would be protected from any cyber threats. Let’s explore some of the cybersecurity challenges and safeguards provided by Cyber Security Solutions in this blog.
The top challenges and trends faced by many organizations and security teams are projected below,
- Ransomware Extortion
The growth of ransomware, which initially began as malware has resulted in a huge threat as the attackers can demand a ransom. As this is focused on the deliberate extortion of payments through data encryption, these breaches can be carried out faster. Some resort to double extortion attacks by completely skipping the entire encryption process. These are harder to detect, and cannot be fixed easily, making it an effective approach for cyber attackers, which eventually poses a great threat to any business. This pose to be one of the key security issues in 2023, especially ransomware as a service and double extortion attacks become more prominent. - IoT Security
Though the Internet of Things improves the quality of life, both professionally and personally, many Internet-connected devices aren’t built with security in mind, which eventually results in many cybersecurity attacks. Though security vulnerabilities due to IoT always exist, Cyber-attack Security Solutions can address these and assists organizations in identifying and handling potential instances of cybersecurity. Setting up its own Security Operations Center (SOC) or partnering with a managed service provider will increase the organization’s security posture. - The Good & Evil impact of Artificial Intelligence
The impact of AI in cyber attacks has been increasing over recent years. The attackers use AI technology to launch effective and more sophisticated attacks. These Artificial Intelligence powered cyber threats can evade any traditional enterprise security measures and ultimately cause significant damage to businesses. Some of the predominant AI-powered cybersecurity threats are advanced persistent threats (APTs), AI-powered malware, deepfake attacks, DDoS attacks, and Phishing. Kryptos assists organizations in implementing robust and well-established security measures to protect themselves against any AI-powered attacks. As it is causing major concerns and challenges in many tech industries, businesses, and individuals should always stay informed about the cybersecurity challenges/threats. - Phishing
Whether it is a large enterprise or a mid-size company, organizations of all sizes struggle with phishing. Phishing was used in almost 25% of all cyber breaches. The corporate email hacking, email phishing, spear phishing, vishing, image-based phishing, and whaling are some of the ways to deceive employees into sensitive information, credit card numbers, and disclosing passwords. Cyber security solutions providers use advanced test methodologies and the latest techniques to address and provide solutions to potential security risks. - Slashed Budgets
Increases in interest rates, gross domestic product, and inflation have contributed to the inevitable recession in 2023. These would certainly spell disaster for any business type and organizations of any size, shape, and industry, especially when staff layoffs and budget cuts happen.
Due to its importance, security is often considered but at times, it’s not immune to slashed budgets. Historically, security is viewed as a cost center for the reason its ROI isn’t easily calculated. Security teams facing spending regulations and budget cuts should maintain the security of their colleagues and company while achieving more with fewer budgets. - Skills gap and staffing issues
Skills storage is certainly a big challenge in the security industry. More experienced security professionals are in need and to make matters worst, layoffs and budget cuts can equate to few security experts on a team to get the work completed. Worldwide, the security gap is always considered the biggest challenge to mitigate cybersecurity issues. Partnering with the right and skilled cyber attack security solutions professional will certainly bridge this skills gap and are required to defend and properly protect today’s organizations.
Important and confidential data are lying everywhere, and therefore proper security measures are important to protect organizations against vulnerabilities. It is imperative to stop unexpected breaches and with the right enterprise security consulting services, businesses of the clients can be safeguarded 24/7.
Kryptos, with its new-age services and digital expertise, have augmented offerings that can save cost and generate more revenues. In this way, authenticity and trust are ensured and the data is secured in all environments, be it on-premises, private, or even in public clouds. As a trusted advisor to many partners and clients, Kryptos can understand and quantify the risks, respond to threats detected, and unify the organization to accelerate business transformation.