USA: According to Experian, cyber criminals are using innovation in the latest wave of attacks as technology evolves for both personal and business use.
By 2023, hackers will have expanded their horizons beyond the metaverse to include cutting-edge technologies such as space travel and artificial intelligence.
To help businesses understand where and how cybercriminals will operate, a new Experian report makes several predictions.
While many people find the idea of living a virtual life attractive, it has flaws. Phishing attempts, NFT-related con games, and malware attacks have already begun as the Metaverse gains momentum, and there could be more in the coming year.
Due to the fact that AR and VR devices collect a lot of user and personal data, they amplify the impact of data breaches. This can make them more vulnerable to hacking and result in more complex attacks.
Although unsettling considering the extent of damage caused by a hack of a space satellite, we should be ready for this in 2023. With more satellites in orbit than ever before and an unruly regulatory environment, bad actors have more opportunities to take advantage of them and even launch cyberattacks from space with a large enough satellite.
Influencers of all stripes may be looking for exposure, but that's not what they're looking for. Bad actors can use deepfake technology to take strategic pranks to a whole new level and use it for more than just funny videos.
Global leaders, business moguls and powerful industry experts should be on the lookout for misuse of their likeness and image as deepfake technology is likely to become a more common tool in cybercrime and warfare.
Taking a long-term view that the time required to detect and remediate security intrusions probably won't change significantly over the next 10 years is one of Experian's predictions.
With more than 1,200 breaches so far this year, organizations are still having trouble preventing data breaches. Sadly, IBM reports that it still takes 212 days to discover a cyber intrusion and another 75 days to prevent it.
There is a need to strengthen the strategy for better detection and prevention.
According to Michael Brummer, VP of Global Data Breach Resolution at Experian, "We have identified a preparedness weakness that needs to be addressed in our assessment of the cyber landscape."
“While it is true that cyber attacks cannot always be prevented, organizations that can quickly identify and prevent attacks will sustain less financial and reputational damage.
We think a mindset shift is needed to emphasize resilience in addition to aiming for true prevention.