One reason for the interest by attackers is the vast amount of personal data that’s essentially free for the taking on corporate and social media platforms.
“One of the biggest issues in data security that will continue to be an issue in 2023 has been the relentless sale and essentially open market for personal data from social media platforms,” said Art Shaikh, founder and CEO of Circleit and DigitalWill.com. “We have seen breaches in several sectors over the past few years. The trend is slowly moving to more private technologies that are finding new ways to monetize their technologies.
“The economic crisis will drive cybercriminal creativity,” Villadiego said. “As economies flag, more people will turn to cybercrime as a source of income. This will drive further diversification, finding new vectors and attacking new targets - including, smaller businesses.” And he said that one of today’s greatest threats will get worse. “Ransomware syndicates will continue to avoid prosecution,” Villadiego predicted. “Despite efforts to get back at the many ransomware gangs, such as in the Australian government targeting the perpetrators of the Medibank breach - we predict that ZERO ransomware gang will face prosecution. Besides being nearly impossible to track down, they often dismantle and return under a new name.