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Top InfoSec Trends for 2023: Business Priorities for Managing Security Risks

Technological advancement and economic issues will converge along several key themes. 

2022 has proven to be an eventful and unpredictable year. Enterprise leaders are navigating challenging market conditions. Security leaders are facing renewed pressure to plan future deployments and implementations. 

But there is also room for optimism. New technological approaches are providing organizations with greater reliability, improved decision-making, and better cost-effectiveness than ever before. New security tools offer better performance and scalability than previous generations. Ransomware attacks aren’t making headlines the way they did a year prior. 

It’s safe to say that the cybersecurity industry is in a moment of transition. Forward-thinking security leaders are looking for insight to leverage that transition successfully. 

According to Gartner, worldwide spending on security and risk management is due to grow by more than 11% in 2023. The expert IT consultancy also predicts that enterprise technology deployments will focus on four major themes throughout 2023: 

  • Optimization initiatives that increase resilience, operational efficiency, and trust. 
  • Scalable solutions to accelerate product deliverability and enable unprecedented connectivity. 
  • Adaptive AI that continuously retrains its models to accommodate real-world changes quickly. 
  • Sustainable frameworks that deliver consistent results without wasting resources. 

These are large-scale issues impacting every subcategory of the tech industry, and information security is no exception. Let’s dive deeper into what security leaders are doing to prepare for the challenges of the year. 

Major Infrastructure Improvements are Underway 

Technology providers like Google are advancing core initiatives to improve the security capabilities of cloud services. This has the potential to improve the security capabilities of organizations of every size. Some of the specific initiatives in development include: 

  • Compliance by default. Security controls are often mandated by regulation. Not all cloud vendors provide infrastructure with out-of-the-box compliance. Cloud vendors are aware of this problem and aren’t likely to continue overlooking it for long. 
  • Faster and more consistent updates. Security updates offer the best defense against emerging technical threats, but users don’t always update fast enough. Cloud providers have already begun pushing security updates to users automatically, improving security performance without distracting users from their daily routines. 
  • Interdisciplinary integration. Information security is no longer a strictly technological discipline. It demands knowledge on a wide range of topics, from criminology to economics and more. This expertise is likely to drive insights into the core factors behind cybercrime and reflect in the user experience of security technology users in the cloud. 
  • Moving beyond passwords. New prevention-based policies and authentication methods are making passwords redundant, at least in some cases. The authentication experience is already changing in response to the way users interact with secure technology and looks due to continue. 

New Security Initiatives Will Focus on Four Key Areas 

Enterprise security priorities must keep up with technological change. Security leaders at large organizations have expressed interest in building out new capabilities in four major areas: 

  • Securing operating technology (OT) against advanced threats. 
  • Transitioning to cloud security without compromising on-premises interoperability. 
  • Leveraging machine learning to scale high-value security tasks. 
  • Moving beyond the device-only approach to IoT security. 

Let’s take a deeper look into each one of these topics. 

Integrated OT Security 

Operating technology controls mechanical systems and processes, especially in industrial contexts. These systems are becoming increasingly vulnerable to cyberattacks and espionage. Organizations will have to start providing OT data to enterprise-wide IT security tools to detect sophisticated firmware attacks and compromised credentials. 

Cloud vs. On-Premises Security 

Enterprise security leaders are becoming increasingly aware of the security differences between cloud-based and on-premises IT systems. While on-premises deployments are infinitely customizable, the cloud offers scalability and affordability that is hard to beat. From a security perspective, both these data sources must function as interoperable parts of a unified whole. 

Leveraging the Value of Machine Learning 

Machine learning has a lot to offer security leaders, but it is not a cure-all. It works best for automating low-impact, high-volume tasks that scale easily. It can also generate insights that inform policy recommendations, but it can’t create robust security policies on its own. Organizations already lean on machine learning to amplify the capabilities of human analysts, and this trend will continue. 

Comprehensive Security for the Internet of Things 

IoT deployments offer critical benefits to organizations that need to build highly automated tech deployments at scale. However, they also expand the attack surface of these organizations. Regulators are in the process of implementing a robust, standardized framework for securing IoT devices. In the short term, organizations must shoulder the burden of securing these devices and may face unexpected obstacles in the attempt. 

What About New Security Threats? 

Ransomware is losing much of its profitability as enterprises implement disaster recovery solutions that can successfully repel ransomware attacks. Major ransomware groups like Conti have disbanded, but that doesn’t mean cybercriminals have given up. 

Instead, evidence suggests that they are turning towards more hands-on data theft and financial fraud tactics. If encrypting sensitive data fails to generate profit, cybercriminals are likely to attempt to exploit that data directly. 

These kinds of attacks can take many forms. Instead of a disruptive, enterprise-wide ransomware incident, cybercriminals may prefer to quietly siphon revenue into compromised bank accounts using fraudulent invoices. They may overtly recruit corporate insiders and avoid the technical problem of gaining access to secured networks in the first place. 

These developments demonstrate a clear need for innovative cybersecurity technologies and a pioneering approach to detecting malicious insiders. Organizations need to detect malicious activity based on users’ behaviors in real time.  

Robust SIEM implementations equipped with user entity and behavioral analytics (UEBA) technology will drive the value of security operations moving forward. Product expertise from reputable managed detection and response vendors like Castra will lead the way in managing the risk of sophisticated insider threats. 

Make sure your organization is prepared for what 2023 brings. Contact Castra today.