According to Experian, as technology continues to evolve for business and personal use, cybercriminals are also utilizing innovative techniques for next-generation attacks.
Other frontiers are priorities for 2023
In addition to the metaverse, hackers will increasingly explore more areas, including space and innovative technologies such as artificial intelligence, by 2023. A new Experian report outlines predictions to help companies understand where cybercriminals will be lurking and how they will carry out their attacks. These forecasts include the following:
The Wild West of the Metaverse
While embarking on a journey through a virtual life is appealing to many, it also has loopholes. As the metaverse continues to gain momentum, phishing attempts, NFT-related scams, and malware attacks have already begun, with more likely to emerge in the coming year. AR and VR devices can increase the impact of data breaches because these devices collect large amounts of personal information and user data. This could increase their chances of being hacked and lead to more sophisticated attacks.
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It’s disturbing to consider the scale of damage that could be caused by a hacked satellite in space, but it’s also a reality we must prepare for in 2023. A disjointed regulatory environment and more satellites in orbit than ever before have opened the door for bad actors to exploit satellites in orbit, or satellites large enough, to launch cyber attacks even from space.
imitation is not flattery
While influencers of all types may be chasing exposure, it’s not what they want. The use of deepfake technology by bad actors can not only be used to create amusing videos, but can also be promoted to create new levels of strategic mischief. Global leaders, business titans, and influential industry experts around the world need to be vigilant about the misuse of their images and likenesses, as deepfake technology could become an increasingly popular tool in warfare and cybercrime.
Resilience is the key to long-term success
A long-term outlook in Experian’s forecast is that the time to detect and defend against security breaches may not improve significantly over the next 10 years. Organizations are still struggling to prevent data breaches, with more than 1,200 breaches so far this year. Unfortunately, according to IBM, organizations still have 212 days to identify a network intrusion and 75 days to contain it. Strategies to support improved detection and containment are needed.
“As we assessed our network environment, we identified a weak link in preparedness that needed attention,” said Michael Bruemmer, vice president of global data breach solutions at Experian. Attacking organizations suffer less financial and reputational damage. We believe that a shift in mindset is needed to focus on resilience to complement the pursuit of absolute prevention. “