Reflecting on the attacks in 2022, it is clear that ransomware was on the downward trend. High-profile arrests of cyber cartel members raised hopes that the “good guys” were winning, but the reality is that cybercriminals will continue to find ways to exploit vulnerabilities until the industry becomes more effective. The 2023 Global Threat Report by CrowdStrike highlights the commitment of attackers to extract funds from their victims, with ties to geopolitical regions and state entities. As technology advances, security must evolve to protect against new threats. Despite the promises of new technologies, only 15% of cybersecurity leaders believe their organizations have mature security programs. Cyber insurance trends also indicate a need for improvement, with premiums rising and some unable to obtain coverage due to insufficient evidence of a mature cybersecurity program. Geopolitical forces play a significant role in cybercrime, as seen with Russia’s war in Ukraine. Cybersecurity is not just about technology; it is a culture that requires skilled practitioners and effective implementation. To address cybersecurity challenges, organizations should focus on their culture, consolidate vendors, upskill and train their employees, and integrate cyber strategies with overall business objectives. Ultimately, cybersecurity requires a multi-faceted approach and long-term commitment.
Key Points:
1. Ransomware attacks were on the downward trend in 2022 but cybercriminals will continue to exploit vulnerabilities.
2. The 2023 Global Threat Report highlights the commitment of attackers and the need for security to evolve with technology.
3. Only 15% of cybersecurity leaders believe their organizations have mature security programs.
4. Cyber insurance trends indicate a need for improvement in cybersecurity practices.
5. Geopolitical forces impact cybercrime, as seen with Russia’s war in Ukraine.
6. Cybersecurity is a culture that requires skilled practitioners and effective implementation.
7. Organizations should focus on their culture, consolidate vendors, upskill and train employees, and integrate cyber strategies with business objectives.