Cybercrime Trends in 2023

As technology tools and capabilities continue to develop, cybercriminals are also using these advancements to enhance their abilities to disrupt systems, steal data, and extort funds from vulnerable businesses and individuals. With the advent of AI (Artificial Intelligence) and ML (Machine Learning), it will be more important than ever to implement the strongest levels of protection available to secure your private information and mitigate breach in 2023 and beyond.

10 Cybercriminal Strategies

Cybercriminals employ many strategies to invade your privacy, steal your identity, and breach your accounts. The following video provides an overview of the ten most common tactics cybercriminals are using in 2023.

Cybersecurity Risks for 2023

To mitigate the impact of a cybersecurity attack, the following critical risks should be considered, and an advance security protection plan put in place:

Inadequate System/Network Protections. Be aware that federal, financial, and utilities platforms on which your system depends for support are not always kept up to date with the latest security patches and code updates. Ensure that your computer system is regularly updated to avoid the most commonly known vulnerabilities.

Poor or No Advance Preparation. Many companies opt to "take their chances" and not spend the money for high level security protections, and thus are left vulnerable to breach and the exorbitant and sometimes irrecoverable cost of damages when the attack actually occurs. These days, it's no longer a matter of if, but when.

Changing Environment in World Politics. While countries are preoccupied with wars and political unrest, cybercriminals use these times of distraction to attack national security vulnerabilities.

Regulatory Inconsistencies. Federal, state, and local authorities each bring a different and often subjective perspective to their efforts to set policy and regulations for security requirements, which in turn can result in conflicting interpretations and inconsistent enforcement of cybersecurity law. Vigilance will be necessary in 2023 to ensure high level protections are in place and in compliance with several applicable levels of governance.

Trends are indicating that cybercriminal activity will only increase in 2023 as technology progresses, providing new and more sophisticated tools that can be used to advance business processes and functions in our world while simultaneously opening new doors for bad actors to hijack the stage.