Criminals developing new ways to abuse internet-connected products

Milind Kulkarni, SVP- Digital & IT, STT GDC India

“As our world is becoming increasingly digital, cybersecurity challenges are mounting. Data security threats evolve at a staggering pace, and 2023's future cyber-attacks are bound to be as inventive as they have ever been. Cloud attacks are definitely a topic of discussion in 2023, with enterprises and individual cloud users. While adoption of cloud is going to grow in the next few years, companies will invest significant money to safeguard data from breaches.

Internet of Things (IoT) devices represent one of the most flexible and pliable attack vectors for malicious third parties. In 2022, Dos and IoT/OT attack vectors were essential targets. The actual contents of the network and the degree of device vulnerability are still a mystery to organisations. Thus, at an unprecedented rate.
Other significant challenges will be blockchain and cybersecurity attacks. The reason why malicious actors would target blockchain tech is rather obvious: the availability of digital currencies. As enterprise-grade users and individuals discover new ways of leveraging the blockchain and making good use of crypto, so do malicious third parties become more interested in breaching their respective defences. There are ongoing challenges with phishing scams, malware, etc. Mobility, web, HW infrastructure, Network & wi-fi which will continue to remain vulnerable from a cyber security threat perspective. New advanced security tools / products, automated AI based SOC, strong threat intelligence, quick / proactive actions through SIRT etc are also becoming focus areas to prevent cyber threat & reduce risk.”