According to cybersecurity professionals, 2023 can expect more online fraud, recession-proof budgets and persistent staff shortages.
According to Benjamin Fabre, co-founder and CEO DataDome:
“If you look at the number of threats, they’re skyrocketing, and it’s not going to slow down,” he told TechNewsWorld.
Supply chain shortages have driven up prices for many goods, creating an attractive environment for fraudsters. “We are seeing limited product supplies create a bubble around their prices, which is fueling bots and online fraud, which I expect to continue in full force in 2023,” Fabre noted.
With the beginning of the new year, the use of bots is gaining momentum. “Recently, we’ve already seen this change, with many people creating their own bots to track changes in house prices, the availability of game consoles, and check markets through browser extensions,” said Fabra’s colleague, DataDome’s head of research, Antoine Vastel.
“We don’t think it’s going to stop because it’s getting easier and easier to build advanced bots,” he told TechNewsWorld.
Optimism of costs
Vastel also predicts the expansion of scalping activities and the use of scraper bots in 2023.
“Although earlier scalping was concerned mainly concert tickets, it has spread to more and more products — sneakers, game consoles, GPUs, luxury goods,” he explained. “I predict that with the current product shortages and supply chain issues, scalping will increase and spread across industries to new items and products as the potential for resellers to make money increases.”
He also noted that more and more tools are emerging that make it easier to create advanced bots. “Whether it’s open source libraries that allow attackers to spoof their fingerprints, or bots as a service that makes building advanced bots as easy as an API request, we believe this will drive the creation of scraper bots.” , – he said.
Despite Cassandra’s recession warning, the cybersecurity community remains optimistic about spending in 2023. Alberto Yepez, Co-Founder and Managing Director Forgepoint Capital a San Mateo, Calif.-based venture capital firm, said that in 2021, cybersecurity spending grew 12% year-over-year to about $150 billion, with spending expected to top $156 billion in 2022.
“This trend will continue into 2023 as the threat landscape becomes increasingly active and complex,” he told TechNewsWorld.
“As ransomware continues to grow rapidly, organizations will seek support to modernize their defenses and upgrade their threat detection and response capabilities with the understanding that attacks are now inevitable,” he explained.
Yepez continued that the market will be further fueled by regulatory compliance standards, cloud migration and global digital transformation in business and government, especially as the hybrid workforce model evolves from pandemic response to business as usual.
“All of these components help organizations meet business needs, but also complicate their cybersecurity posture and create the need for design-to-scale approaches,” he said. “As a result, cybersecurity will continue to be established as a key enabler across all business functions, and organizations will prioritize proactive investments in 2023.”
Dangerous cost cutting
Jaydee Hanson, IT Director and CISO Code42 a national endpoint security and data protection company, acknowledges that some organizations will try to cut corners by cutting cybersecurity budgets, but says they do so at their own peril.
“Once the noise of economic uncertainty kicks in, cautious CFOs will start looking for areas of excess spending that need to be cut to keep their company ahead,” she told TechNewsWorld.
“To the uninformed executive, cybersecurity spending is sometimes seen as an additional expense rather than a critical business function that helps protect a company’s reputation and bottom line,” she continued. “These organizations may try to cut costs by reducing their investment in cybersecurity tools or talent, effectively reducing their company’s ability to properly detect or prevent data breaches and opening them up to potentially catastrophic outcomes.”
“This should be of particular concern amid ongoing ransomware attacks, and 2023 is expected to be another challenging year,” she said. “Companies that maintain effective cybersecurity resources will do much better in the long run than those that make widespread cuts.”
Fabre added that he does not see a negative impact of the economy on cybersecurity in 2023 because the cost of not investing in cybersecurity is too great. “Companies have too much to lose—financially, reputationally, competitively—if their data or their customers’ data is breached.”
“Given the increasingly stringent legal and regulatory environment in which companies now operate,” he continued, “the risk of not complying with privacy or security outweighs the short-term benefits of reducing cybersecurity budgets.”
Talent gap to continue
As in previous years, in 2023 personnel problems will continue to plague the cybersecurity industry. “We’re starting to see the cybersecurity workforce shortage as an ongoing issue, and that will continue into the new year as our industry tries to encourage younger generations to enter the field,” said Caroline Vignollet, senior vice president of research and development. OneSpan an identity security company in Chicago.
“Cybersecurity education is essential, and while we’re seeing more universities develop cyber courses, they’re still very small compared to the critical challenges organizations face every day,” she told TechNewsWorld.
“For this new generation to be successful,” she continued, “universities must expand cyber education and provide real, hands-on cyber learning, not just theoretical learning.”
Companies and workers must also play their part, she added. “Every person in the organization has a role to play — even if it’s just a promotion awareness of phishing emails and avoiding dangerous links,” she said.
Vignolles urged organizations to better support their cyber teams. “As cyber leaders, we have a responsibility to create a safe environment and to inform everyone who is interested in this area,” she noted.
“In fact, one of the most important KPIs to look for in employee engagement surveys is whether they feel comfortable communicating with management,” she noted. “This is the surest way to avoid attrition as the talent gap continues until 2023.”
According to the materials: http://www.technewsworld.com/
