The rise of cybercrime is a global epidemic, with 1 out of every 41 emails containing a malicious link or attachment, and 81 percent of companies worldwide reporting the impact of ransomware. At the current rate of growth, McKinsey has reported that the damage from cyberattacks will amount to about $10.5 trillion annually by 2025, a 300 percent increase from 2015.
Cybercrime has reached staggering numbers and is further fuelled by identity, financial data and crypto-mining threats. The situation is alarming for individuals as well as enterprises.
With the rapid growth of cloud technology and the increasing reliance on cloud-based services, it has become more critical than ever to prioritize cybersecurity in the Cloud. With cyber threats evolving rapidly, it's essential to stay up-to-date with the latest trends in cybersecurity to ensure your data remains secure.
In this article, we'll explore some of the key cybersecurity trends for 2023 that businesses and individuals should be aware of to keep their data secure in the cloud.
Increased Use of Multi-Factor Authentication (MFA)
Multi-factor authentication (MFA) is an authentication method that requires users to provide two or more forms of identification before gaining access to a system or application. MFA is becoming increasingly popular as it provides an additional layer of security beyond the traditional username and password credentials.
This trend is driven by the increasing sophistication of cyberattacks and the need for stronger security measures to stay protected against them.
Emphasis on Cloud Security Training and Education
Over the past decade, cloud computing has expanded significantly, and shows no signs of slowing down. Companies have been shifting their IT infrastructure onto cloud providers for years as it has enhanced their operations. However, as more businesses move their data to the cloud, there will be a greater need for cybersecurity training to ensure that all employees understand the importance of protecting company data from external attacks.
Adoption of Zero Trust Architecture
Zero trust architecture is a relatively new concept that aims to protect organizations against data breaches by enforcing strict network access controls based on an individual user’s identity rather than their location or device. This security model mandates that all users, irrespective of whether they are connected to the organization's network or not, should be validated before accessing any resources. The zero-trust model necessitates authentication and authorization for each access request as it assumes that all users and devices are potential threats.
The goal is to prevent attackers from using stolen credentials or other compromised accounts to access sensitive company data by allowing access only if an employee is logged in from an approved device or location. This approach is gradually becoming a standard feature in cloud-based identity management platforms like Okta and OneLogin because it significantly reduces the risks of phishing attacks and credential thefts.
Increased Focus on Cloud Data Security
The Cloud offers many benefits for businesses, but it also increases their risk of data breaches. This is because data stored in the Cloud is easier to access than data stored on-premise. With more options to access this data remotely, it has become easier to steal sensitive information from the cloud.
Data security refers to the protection of an organization's information. It includes staying protected against unauthorized access, inappropriate use, modification or destruction of data.
Data security has become top priority for organizations, as a small breach in data security can expose your customers' personal information, resulting in identity theft, fraud, and other issues that can cost you money and harm your reputation.
Advancements in Cloud Security Automation
With the adoption of cloud computing and the need to move away from traditional on-premise infrastructure, organizations are looking for ways to manage their data more effectively. This has resulted in cybersecurity firms creating tools to automate security procedures to give businesses complete visibility over their data footprints and identify risks early. The ability to automate these processes will help reduce costs, increase efficiency and allow organizations to scale their security measures effectively.
Stay Ahead in the Cybersecurity Game with eProtect 360
Keeping your data secure in the Cloud is more important than ever in today's fast-paced digital world. With cyber threats evolving constantly, it's crucial to stay up-to-date with the latest cybersecurity trends and keep your data safe.
At eProtect 360, we're committed to providing the highest levels of data security service and support. We help you navigate the complex landscape of cybersecurity and offer a range of comprehensive services to help you protect your data. Our team of experts can help you implement the right policies, procedures, and technical measures to safeguard your information and mitigate cyber risks.
Don't leave your data vulnerable to cyber threats.
Learn more about how we can help you protect your data in the cloud and stay ahead of the game in 2023 and beyond.
Contact us today.
