Cyber ​​Security Threats Users Should Prepare for in 2023


cyber security threat

Many people think they are safe from cyber attacks. Because criminal masterminds have high-value targets on their radar. Reality paints a different picture.

Cybercriminals target corporations, small businesses, and individuals without discrimination. As people become increasingly aware of old scams, they continually reinvent techniques, even for low-level attacks.

That doesn’t mean their old tricks don’t work anymore, but more creative scams and hacks are taking center stage. The most dangerous cybersecurity threats expected in 2023 are:

Cyber ​​Crime as a Service (CaaS)

Cybercrime as a Service specializes in criminal business models used by cybercriminals to sell tools and services to newbies in the field. This includes black hat hackers, malware and ransomware developers, and other criminals trying to access Internet-enabled devices and networks with malicious intent.

In addition to providing stolen credentials, they develop sophisticated malware that anyone, even the non-tech savvy, can use to carry out cyber attacks. The dark web is full of these end-to-end services where customers pay in cryptocurrency. One common CaaS is ransomware-as-a-service, which means anyone can buy a ransomware virus.

Multi-vector cyber attack

Multi-vector cyberattacks utilize multiple entry points to infiltrate a network. They are Distributed Denial-of-Service (DDoS) attacks on steroids.

They use multiple threat vectors instead of traditional threat vectors, making it impossible to fight all threat vectors. Processing one starts the other.

Different threat vectors allow cybercriminals to orchestrate double and triple extortion attacks when executing ransomware. Instead of encrypting and leaking your sensitive information, you can threaten it with a data breach.

Combine this threat with CaaS, and both are far scarier.

social engineering

Social engineering attacks continue to rise as cybercriminals develop more ingenious tricks to trick people using psychological manipulation.

They use emotion to entice victims into spending money on fake websites or divulging sensitive information. They create a sense of urgency, instill fear, or heighten the excitement of unsuspecting victims of bogus investments.

This human hacking can take many forms, including spear phishing, honey traps, pretexting, tailgating, baiting and scareware.

pig slaughter scam

Pig slaughter scams trick victims into investing in bogus cryptocurrency projects with promises of high income before extorting their money.

Scammers using this lure tactic contact the target through text messages, IM apps, social media, and dating apps pretending to know the target. They use social engineering to build trust for weeks or months, discuss various topics, and then naturally start investing in crypto and share links to fake sites.

When someone takes the bait, scammers use it with great success to encourage more investment. After some time, they steal all the money and fatten the pigs before slaughtering them, which they call “pig slaughter.”

Business Email Compromise (BEC) attacks

BEC attacks are spear phishing attacks. This includes cybercriminals impersonating people the target knows in order to obtain personal or sensitive information such as usernames and passwords. However, instead of sending malicious links in emails to steal data or pay substantial sums, they focus on spoofing.

They introduce themselves as someone from the target’s workplace and trick them into urgently transferring money to their account. They usually masquerade as mid-level employees and often use salary conversion scams to con their victims of money.

IoT device hacking target

Internet of Things (IoT) devices have been a prominent target for hacking for years. However, 2023 will undoubtedly see more attacks, as experts predict there will be 43 billion IoT devices this year.

From smartwatches, speakers, and locks to security cameras and self-driving cars, the more connected devices you have, the simpler hackers’ malicious campaigns will be.

How can I deal with this issue? We won’t give up the convenience of real-time connectivity between devices. However, we cannot rely on their security protocols. They are not impenetrable, as history has taught us.

How can I secure my IoT devices, identities and sensitive information? Here are some valuable tips.

How can you protect against these cybersecurity threats?

The most useful tip for protecting against cybersecurity threats is to trust no one online. Triple check your email addresses and domains and avoid clicking suspicious links. Someone may trick you through impersonation and other social engineering scams. So, only release people to official representatives and don’t forget about secure file sharing options.

But you can’t live in fear. You can’t be in constant fear of someone conning you of your money by posing as your friend, colleague or family member. You can’t just give up your device and start living like a hermit. You can strengthen your password and change it regularly, but you still need another solution.

Enter Virtual Private Network (VPN). A VPN encrypts your Internet connection and creates a private tunnel around a public network, making it invisible to potential hackers. Protect your systems and data no matter how many devices connect to the internet. So, you can get a VPN for your PC that works on your smartphone and TV as well.

conclusion

Cybersecurity threats will continue to increase in 2023 and beyond. Cybercriminals will continue to innovate tactics and tools to launch sophisticated campaigns.

But we are no longer in the dark about their tricks. It’s easier than ever to prevent this and keep your data and identity safe, so don’t stop there. Dig deeper into other threats to become a savvy cyber citizen and stay alert for potential attacks.

Filed Under: Technology News

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