Ransomware attacks will continue to grow by taking advantage of the expanding attack surface

Harshil Doshi, Country Director, Securonix

“The year 2022 was tumultuous with sustained economic volatility, global unrest, and increased cyber threats to information, operations, and controls.

Numerous attacks will continue to successfully bypass fundamental security technologies and defenses - Malicious actors will successfully target and reveal the flaws of different security solutions, such as MFA and zero trust, on a much larger scale by building upon their work like LAPSU$$ and other high-profile assaults. In 2023 and beyond, attackers with historically low capacity will be able to operate with advanced resources due to increased cloud migration, the simplicity of using cloud infrastructure, and wider availability of compromised credentials.

Rates of accidental insider risk will grow - Financial stressors, fatigue and burnout will lead to emotional imbalance and prevent employees from maintaining their usual level of attention and care. This will increase instances of human error, such as clicking on malicious links or failing to adhere to security policies and exacerbate the rate of accidental insider risk.

Increase in numbers of ransomware attacks - Ransomware attacks will continue to grow in volume and take advantage of the expanding attack surface.

Threat actors will continue to target their victims over the course of the upcoming year by utilizing micro- and macro-level trends. New advanced campaigns should be launched globally to oppose the same by combining tried-and-true methods with novel, as-yet-undiscovered strategies. In recent years, CIOs have stepped forward and assisted in advancing their organizations, and in 2023, this trend will continue.”