Top Tech trends for 2023: What can companies expect in 2023 and position themselves better?

The year 2022 was marked by supply chain disruptions, inflation, debt, labor market gaps, geopolitical uncertainties, fears of recession and increasing ransomware attacks. These developments continue to pose a critical threat to the companies. But it is also important to look into the future at the end of the year to be better prepared for the challenges and opportunities to come & heal covid19 scars.

 

Cloud budgets are being analysed more closely

According to a recent report by Veritas, misunderstanding about cloud security, scalability and storage has led most enterprises spending much more than anticipated. 93% of companies overspend on the cloud, exceeding budgets by an average of 43%. As the amount of data increases every year, the cost of storing it in the cloud also increases. For IT teams, this is becoming increasingly difficult to justify. Exceeding budget is mainly due to the misunderstanding nearly all organizations had that CSPs are responsible for protecting their assets in the clous. Although cloud adoption has enabled most companies to implement advanced business strategies, future CEOs and boards of directors will demand more transparency into the return on investment (ROI) of cloud spending. IT managers are under great pressure to justify their cloud budgets while finding new solutions to reduce data volume as Veritas expect IT spending to be reviewed even more closely in 2023.

The vast majority of enterprises fail to stay within their cloud budgets

Low-code and no-code make compliance difficult

As the demand for hyper-automation and IT modernization is growing at an exponential rate, low-code and no-code applications are contributing significantly to the democratization of application development in companies. In 2023 they will become even more established. The global low-code platform market is forecasted to generate a revenue of $187.0 billion by 2030, increasing from $10.3 billion in 2019, and is expected to reach 31.1% CAGR in the forecast period (2020-2030).

Employees without a technical background (citizen developers) can develop their own applications. Almost 60% of the custom apps are now built outside the IT department. Of those, 30% are built by employees with limited or no technical skills, creating huge compliance issues for businesses. Because citizen developers are less experienced in implementing security and privacy systems. Creating new vulnerabilities that can be exploited by cyber criminals.

 

Edge device vulnerability

Gartner analysts predict that by 2025, around 70% of of the data managed by organizations will be created and processed outside of the data center or cloud vs 10% now. Adoption of edge devices are considered as the solutions that facilitate data processing & generation. But this increasing shift of data processing to the edge complicates the IT architecture and increases the attack surface. Because of the lack of IT specialists, it is often not possible to provide the same level of protection at the network edge as in the data center or the cloud. Nevertheless, to fully protect the enterprise, every single edge device must be secured.

 

IOT & hyper-connectivity

We live in a hyperconnected world where worldwide companies are under huge pressure of shearing and integrating data in a smart way. It’s predicted that there will be more than 43 billion connected devices by 2023 with the goal of generating, collecting, shearing and helping companies to make use to data in the smartest way possible. 5G technologies are also boosting the full potential of IoT & hyper-connectivity. It’s true that IoT devices make our lives easier and more convenient but also comes with huge security issues if not well protected.

As the number of devices explodes during 2023 and beyond, device manufacturers and security experts will have to strengthen their strategies to fight against cyberattacks and minimize the chances of losing valuable data.

Credential Stuffing Attacks: How to Protect Yourself

GLOBAL INTERNET USERE 2020

 

As we look forward to the hopefully great year ahead, let’s rewind a year that seems to have more episodes than Game of Thrones. Companies all across the globe were put into a huge test followed by a rapid shift from office working to home-office prompted by the coronavirus pandemic. Nearly overnight, organizations worldwide had to enable remote workforces to support their business requirements. COVID-19 has in many ways unleashed a new set of challenges and/or accelerated existing challenges, such as ransomware, data breaches, API attacks, cyber-fraud and unemployment frauds, within global enterprises.

 

It’s clear-cut that technology and security teams struggled in 2020 to respond as quickly to the changing environment as did the cybercriminals, who took advantage of an environment of unexpected change, extraordinary shifts in employees’ working process, and technology used by governments and worldwide companies.

 

Akamai reports that global internet traffic has grown by as much as 30 percent in 2020, while Statista observed that only in October 2020, online traffic across 20 different industries increased by 1.5% compared to the reference period in January 2020. Online transactions increased by 26.7 % compared to 2019. Another report from Cisco predicted there will be 5.3 billion total Internet users (66 percent of the global population) by 2023, up from 3.9 billion (51 percent of the global population) in 2018. That’s nearly two-thirds of the global population with Internet access.

 

The internet has gained more popularity in 2020, internet users are currently growing at an annualized rate of more than 7%, equating to an average of more than 875,000 new users each day. With this massive increase in the global internet traffic, Akamai is seeing over a hundred million of these attacks every day, with a peak of nearly 300 million a day, only in its own customer base. On the one hand, the internet is serving humanity, on the other hand, it has become the best place of like phishing, fraud, identity theft, Email Spoofing, bullying, cyberstalking, Malware, computer viruses.

 

In the history of cybercrime, the global coronavirus pandemic has added the credential stuffing problem to it extend. For those who don’t know, in this attack method, a cybercriminal tries a large number of stolen credentials on multiple websites. In order to gain unauthorized access to as many user accounts as possible to carry out attacks or fraudulent activities.

 

Transactional bots are getting popularity among hackers, as they act as agents on behalf of hackers. Bots aren’t typically created to compromise just one individual computer, they’re designed to infect millions of devices. An attacker first identifies websites with valuable accounts such as credit institutions, online shops, etc. In the Darknet, he then acquires lists of stolen login data and rents a botnet to automatically check the account list on the advised website. If a credential stuffing attack is successful, the attacker either sells the new, validated access data in the darknet or uses it himself. With the stolen data, fraudsters can then, for example, log into third-party accounts and carry out financial transactions.

 

Attacks like these often have very unpleasant consequences for the concerned companies and institutions, Application failures due to impaired web performance (73%) and recovery costs (63%) are among the greatest burdens, but also lower customer satisfaction, lost sales and financial losses (all-around 40%) have a significant weight (Akamai).

 

Here below are the few possible ways to protect yourself against credential stuffing attacks.

Protecting yourself from credential stuffing is pretty simple if you use the same password security tips that security experts have been recommending for years. For effective protection against bot attacks, it is recommended in the first step not to reuse the passwords, use a password manager, enable two-factor authentication, and get your leaked password notifications.

 

By using a unique password for each online account, you can protect all of your accounts at once. Because even if one of your passwords gets leaked, it can’t be used to sign in to other websites. As remembering strong unique passwords, for each account you have, is a nearly impossible task, the use of a password manager is recommended. It can not only remember your passwords but also generate strong unique passwords. Additionally, don’t ignore the 2-factor authentication. It is much more difficult to hack your account if you’re using two-factor authentication on it. As it adds an additional layer of security to the authentication process, it harder for attackers to gain access to your devices or online accounts.

 

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COVID-19: How to Fight Against Cybercrime in the Home Office Environment

COVID-19 cyberthreats

 

Covid-19 pandemic has forced many employees to work from home. Organization must not only stay productive but also safe. The Covid-19 outbreak has officially been categorised by the World Health Organization (WHO) as a pandemic, meaning in the current situation, many companies are not only faced with the challenge of enabling their employees to work in the home office, but also to protect them and all systems against the increasing cybercrime.

 

As organizations are shifting more and more of their business online, a wide variety of cyberattacks have been recorded since the pandemic began – from attacks on the World Health Organization (WHO) to steal information to mass phishing emails and spam campaigns targeting home office workers. It doesn’t only stop there; cyber criminals have even created websites with domain names related to Covid-19 to take advantage of user fears and concerns and launch ransomware attacks. Therefore, prevention is always better then repairing damages afterword.

 

Here below are few tips that companies should and must take into account in every home office environment in order to protect fromcyberattacks.

 

Cybersecurity training for employees

Mostly neglected in many companies, employees training on cybercrime related topic is highly recommended. Once your employees are well informed about cybersecurity and home office, they are able to detect any risk that can endanger the security of the company  and  reduce the risk of opening the door to criminals.

 

Install and setup Access controls

No matter whether you are running a small, medium or large business, Access control really is ideal for almost any business scenario to prevent data leaks or unlawful data access. With access control, you can easily keep track of all statistics related to who access your company’s data. A good setup of access control combines authentication and authorization.

This setup determines whether a user should be allowed to access the data or make the transaction they’re attempting. A user with a certain role will only be able to see files that are necessary in order to complete his tasks via data access control. In other terms, a user with restricted data access will not be able to see or shear any other corporate data.

 
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Reinforce security settings for emails

Ensure your email security settings by putting strong passwords and secure login. Implement scanners or other tools to filter spams along with email encryption tools. Mostly, engage all employees to take part in education around email security and how not to fall in trap of phishing attacks. This way, employees can take measures to guarantee the security of their email accounts against known attacks and avoid being a victim.

 

Access to company networks only via VPN

Make sure that all of your employees who access your corporate network use VPNs. Without VPN access, no employee should be able to view company data, because with a VPN, corporate data is virtually impossible to be view by outside forces, keeping the private information — private.

 

Allow access to SaaS applications only through the corporate network

Ensure that SaaS applications are only accessible to remote users via the company network and that they cannot access the applications directly from there home or any other public Internet. With your security solutions, you gain insight into all data traffic that accesses your services in the cloud. Most SaaS providers provide such access to their services; however, you may need to enable some settings for this to work properly.

 

Keep your software updated

Make sure to update your software on your device when prompted. Cybercriminals frequently use known exploits, or flaws, in your software to gain access to your system. As these updates often include fixes to security vulnerabilities, a regular check on them is highly recommended in order to avoid becoming a cybercrime target.

 

Keep your device safe

It may sound very basic but it’s very important to keep an eye on your device along your surroundings! Lock your device when you step away from it. And never leave sensitive or confidential information at your desk, like post-it notes with your password written on them or USB drives. Don’t give anyone remote access to your device if you feel unsure.

Privacy Policies: Keeping up to date with all the potential Cyber Security Threats 

 

The amount of time we spend every day on the internet on different devices for work of private purpose isn’t ignorable. That’s why security and privacy on the internet affect nearly everyone nowadays. However, there are many myths than reality. In this article you’ll find tips that you can use to handle security issues.

 

  • I have nothing to hide and why should criminals be interested in me at all?

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Believing that cybercriminals are not interested in me, so I don’t have to protect myself is absolutely wrong. Even if we all know that cybercriminals are mainly interested in all the available data left over from online shopping or online banking. These are mainly access data and account information that can be abused.

Alternatively, cybercriminals, for example, use ransomware to encrypt data on their computer.I’m positive that you’ve heard about ransomware. Anyone can come under threat from aggressive ransomware attacks, it’s a type of software designed to block access to a machine and files until a sum of money is paid out, it has the ability to cause massive disruption to productivity within the workplace.

Only after the transfer of a certain amount of money, you get back to your data. In addition, your device could be misused as part of a network of bots for criminal purposes.

 

  • There are no cyberattacks on trusted sites!

Many users think that they are safe because they only visit websites with a secure connection. But malware is becoming increasingly more common on popular and trusted domains. Cybercriminals are hacking trusted sites using stolen access credentials in order to launch attacks that are out in the open. Also, the malware can be hidden behind advertisements and installs itself without your intervention when clicking on it. No matter where you surf, protect yourself with antivirus software, firewalls, and important updates.

 

  • New smartphones are automatically secure

For years, people would believe that new generation smartphones can’t get viruses because they are just so secure. This led users to believe that they are safe from cybercriminals and that they could do what they liked online without running the risk of catching a virus or being the victim of a cyber-attack. However, this isn’t the case.Even when you buy a new smartphone you have to check yourself whether you use the latest version of the operating system.

If this is not the case, you should install available updates to close any security vulnerabilities. Likewise, you should also first check the security settings of your new device. Be sure to activate the backup of your SIM card and the device, as well as the encryption of the data – if available.

 

  • Online shopping scams

Online shopping scams involve scammers pretending to be legitimate online sellers, either with a fake website or a fake ad on a genuine retailer site. Almost every day new fake shops goes online, which never send prepaid goods to the buyer. If you get to experience this, it’s not only the loss of money that you’ll face but you might also face misuse of your personal data and credit card information if you have entered them on a fraudulent website. You should therefore urgently observe further movements on your account and contact your bank if in need. Therefore, always pay attention to the features of a secure online shop, such as the Trusted Shops seal of approval with buyer protection and information such as a complete imprint.

 

    • The risks of public Wi-Fi

 Wi-Fi is available at most public places or accommodations. Especially when staying in other countries, it is therefore often used. But do you know you might be unaware of some threats lurking in the background on public Wi-Fi while you balance your bank account?What many users ignore that the data transfer between their device and the router is usually unencrypted. This is used by cybercriminals to tap private data and, for example, take over their online accounts. In addition, you could play malicious software on your device.

While there are several ways to protect yourself when using a public network, one way beats the rest is using a VPN. A VPN encrypts your Internet connection to secure it and protect your privacy. When connecting with a VPN, no one – not the Internet service provider, the business/network owner nor any third-party hacker or snoop – can see the information you send over the network. When using Wi-Fi with a VPN your privacy and security is protected at all times.

 

Any devices that are connected to the network, such as laptops, smartphones, smart devices, even an installed USB key, can be read by the attacker. A malicious actor could use this vulnerability to steal sensitive information, and also insert malware or ransomware that would make a website unsafe to visit. So the tips above can help you to protect yourself against latest ways of cyber-crime.

Data Management Revolution in Corporations – GDPR, Ransomware and Multi-Cloud Requires New Actions

GDPR and Data Management

Enterprises have more and more options for data storage, but at the same time they are faced with strict regulation and new challenges. For example, the EU General Data Protection Regulation (GDPR) will enter shortly into practice. Ransomware attacks and the trend towards multi-cloud doesn’t make it easier for companies.

 

Data has become the lifeblood of companies in this digital world. It’s critical to the future of any business – and its volume continues to grow. IDC predicts that 163 zettabytes of data will be generated worldwide by 2025 per year. Not surprisingly, this data growth is associated with an increasing demand for storage, more than 50% annually in recent years. However, refilling storage resources is just one thing, but how do companies manage ever-changing data? Here below is an insight of how businesses today can efficiently manage their data.

 

THE TRADITIONAL “STORAGE” APPROACH IN THE CLOUD AGE

 

Data management experts believes that despite the growing volume of data, there has been no innovation in the way data is backed up, stored and managed for many years. With the rapid spread of virtualization and the growth of big data scenarios, it has become increasingly apparent that there was a need for action and new strategies. Organizations using legacy systems are finding it increasingly difficult to access, retrieve, and recover their data. Traditional storage solutions no longer meet the needs of today’s businesses.

 

The cloud has also opened up many new opportunities over the limited memory capabilities of an old design data storage system. Most recently, Cloud Data Management has made annoying IT tasks such as backup, storage, and recovery more efficient and transformed it into value-adding business functions. Today, 63% of worldwide companies are using private and public clouds to securely manage their data. Backup, archive, compliance, search, analysis and copy data management are all available in a single, scalable and widely deployable platform. Companies can derive more value from data assets by making faster and more. Informed business decisions.

 

RANSOMWARE THREAT

 
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As data volume grows at a remarkable rate in worldwide organizations, cybercriminals are adapting new methods to hack valuable data for profit. Their technical sophistication varies from small scale cyber-enabled fraud to persistent, advanced and professional organizations. They may directly steal money or monetise their capabilities indirectly through intellectual property theft or through malware.  At any point in time, data access can be affected by cyberattacks.

 

As far as cyberattacks are concerned, the threat of ransomware is hard to avoid. Companies in all industries as well as public institutions are affected by a veritable ransomware attack. Having a look on the 2017 WannaCry cyberattack taught us a good lesson that no-one is safe from the criminals behind ransomware. Everyone is a potential target – and it’s just the question of when something will happen.

The threat of ransomware attack means that business should consider further mitigation and preventative solutions to combat it. These include maintaining appropriate backups and defensive systems that automatically scans any potential harm.

 

The GDPR IS HAPPENING NOW!

 

Either a company is based in the EU or trade with EU Member States, they all are concerned by GDPR. The new regulation will somehow force companies to adapt stricter data protection and data protection rules and will oblige companies to redesign their entire data management process if necessary. When the regulation enters into practice in May 2018, a fundamental change of mindset will be needed in many places.

Data management systems are no longer just used to store data but must help companies meet key GDPR requirements. To ensure compliance, companies should adopt a centralized data management solution that provides simplicity, security, and policy-driven management.

 

INCREASED INTEREST IN MULTI-CLOUD ENVIRONMENTS

 

Multi-cloud strategies will become common for 70% of organizations by 2019, according to Gartner. More and more companies are increasingly turning to a multi-cloud approach. They use different clouds for different purposes, whether public, private or a mixture of both. By combining public and private clouds within their business strategy, organizations gain flexibility and scalability. If you use more than one cloud provider, you can reduce deployment time and increase cost-effectiveness. However, to take full advantage of such hybrid environments, companies need a cloud data management solution. It supports and automates the transfer of data across all cloud ecosystems, optimally meeting current needs.

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