Organizations should be aware of the risks associated with the use of IoT devices

Pramod Sharda, CEO - IceWarp India & Middle East

“The most common cybersecurity challenges for 2023 include business email attacks, phishing, malware and ransomware threats, crypto scams, cloud vulnerabilities, double-extortion tactics, trusted insider threats, crime as-a-service, smart device hacking targets, and lack of investment in security solutions. Additionally, organizations should be aware of the risks associated with the growing use of Internet of Things (IoT) devices, as well as the threat of internal employees who may attempt to sabotage networks or steal sensitive data. To raise the protection level of our organization while also ensuring business growth, we continue to implement comprehensive security protocols and procedures that address both physical and latest digital security threats.

The global cybersecurity workforce shortage is projected to reach upwards of 1.8 million unfilled positions by 2022, and the (IC) ² 2022 Cybersecurity Workforce Study found that the global security workforce gap increased by 26 percent, with 3.4 million additional workers needed to effectively secure businesses. These numbers are expected to increase in 2023, with the average cost of a US data breach at $9.44 million and cybercrime surging to meteoric heights in 2020 and 2021. Organizations need to pre-emptively address these risks by immediately hiring and onboarding new cyber talent and introducing new tools and resources that comply with global data protection and security norms to help simplify operations for SMBs and other thinly-stretched teams.”