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2023 Will See a Sharp Rise in Supply Chain Cyberattacks

According to a tech executive, supply chains are the most potential targets of cyberattacks in 2023. 

Cyberattacks are getting more and more common day by day. Hackers are attacking government officials, businesses, and consumers, asking for ransomware or malware. According to the latest list of NordLocker, an encryption technology company, supply chains are the main targets of cyberattacks in the coming year. The list was named “Seven Cybersecurity Trends to Watch”. 

The Chief Technology Officer of NordLocker, Tomas Smalakys, arranged a press release and stated: “Cybersecurity never stops evolving because digital technologies are increasingly overtaking each part of our lives, in turn increasing the scope cybersecurity tools should cover,” 

He continued by saying, “This ever-changing nature of the cybersecurity field makes each week, month, and year different from those that have passed, making it extremely important to stay two steps ahead of emerging threats.”

The Technology Officer also mentioned that the risk of cyberattacks targeting supply chains is surprisingly high in 2023. Supply chains should immediately start taking preventive measures for this cyber threat.

Here is a list of other top trends included in that list:

  • In 2023, businesses need to beware of fileless malware. This  malware is the most difficult one to detect. Since the victims don’t have to click anywhere or download files, fileless malware can easily ditch security tools. Instead, the fileless malware software hides in your most used, trusted, and already downloaded applications. It also excellently disappears from the computer’s memory. Fileless malware requires a lot of attention, hard work, and skills from hackers and cybercriminals. But once it’s successful, it can cause severe damage to businesses.
  • The corporate sector employees will be the most vulnerable and weakest parts regarding cybersecurity. Since many companies don’t educate their employees about cybersecurity, its importance, and its principles, hackers take advantage of that. No matter how many advanced tools you use, the company is always at risk of cyberattacks if the employees are not aware of the basic cybersecurity practices.
  • Until now, cybercriminals used to target large groups by sending phishing emails for ransomware. However, in 2023, ransomware gangs will target each person individually using personalized approaches.
  • Companies have now ditched the traditional method of storing important files on their computer. Instead, all their personal and important are on the cloud. Being software, the cloud is prone to vulnerabilities and cyberattacks. Companies should increase their cloud security and monitor possible vulnerabilities regularly. 
  • The European Commission recently proposed weakening encryption laws to decrease online crimes. This proposal may sound beneficial at first, but the internet won’t be a safe and secure platform after this. If the law passes, the Internet will scan each and every document or file you send. The personal and important data of all companies will be at risk.
  • The world is going through a major recession and inflation. This scenario has forced companies to reduce their budget and number of employees. Honestly, cybersecurity is the least concerning department for every business. If companies cut down the budget of cybersecurity departments, hacking and cybercrimes will increase.