3 CYBERATTACKS TO WATCH OUR FOR IN 2023

ALL I.T CYBERSECURITY TIPS
IT Data Recovery Experts

3 CYBERATTACKS TO WATCH OUT FOR IN 2023 

 

The new year is fast approaching (see you later 2022!), and as we all start to prepare for the possibilities to come in 2023, you want to ensure that you’re also preparing your business for any cyberattacks that the new year will bring!

 Following the spike in cyberattacks and public data breaches in Australia this year, many businesses are worried that cybersecurity risks will only worsen. Unfortunately, they have good reason to be concerned. According to the ACSC Annual Cyber Threat Report 2021-22, there were over 76,000 cybercrime reports in Australia, an alarming increase of 13% from the previous financial year.

With cyberattacks continuing to become increasingly sophisticated and cyber criminals continuing to become increasingly bold, you want to ensure your business stays on top of the trends in cyberattacks. What new methods are hackers using? What types of attacks are happening most frequently?

When you know what threats to look out for, you’re much better prepared to alter or update your I.T cybersecurity procedures accordingly!

To help your business prepare, we’ve pulled out our cybersecurity crystal ball and identified the top 3 cyberattack trends you need to watch out for in 2023.

 

THREAT 1: ATTACKS ON 5G DEVICES

Although the world has been buzzing about 5G for a while now, it’s finally starting to fulfil its promise of lightning-fast internet. We’re anticipating that this will be a high-attack area in the coming year as providers continue to build out the infrastructure.

Anytime you have a new technology like this, it’s bound to still have some code vulnerabilities, and these vulnerabilities are precisely what cybercriminals are looking to exploit. Hackers will be on the lookout for ways to take advantage of the 5G hardware used for routers, mobiles, and computers.

 

HOW TO PROTECT YOUR BUSINESS

Make sure you have a clear understanding of the firmware security in the devices you buy! Some manufacturers will have better firmware security built into their devices, especially those enabled for 5G. We recommend that you ask about firmware security when purchasing new devices, and you can always ask an I.T service provider if you’re not sure about your current devices.

 

 

THREAT 2: ONE-TIME PASSWORD (OTP) BYPASS

This alarming new trend has already begun to surface in the past months but is expected to become even more of a concern in 2023.

Although multi-factor authentication is one of the best ways to add an additional layer of security on top of user credentials, hackers are trying to bypass it in a few different ways.

These methods include:

· Reusing a token: Gaining access to a recent user OTP and trying to reuse it

· Sharing unused tokens: The hacker uses their own account to get an OTP. Then attempts to use that OTP on a different account.

· Leaked token: Using an OTP token leaked through a web application.

· Password reset function: A hacker uses phishing to fool the user into resetting a password. They then trick them into handing over their OTP via text or email.

 

 

HOW TO PROTECT YOUR BUSINESS

With knowledge of cybercriminals’ potential attack methods to bypass MFA, your business can build a cyber defence accordingly.

We recommend:

– Using authenticator apps like Google or Microsoft Authenticator whenever possible instead of text message codes

– Using biometric authentication for at least one factor of authentication whenever possible – it’s much harder to bypass a thumbprint than a 4-digit code!

– Having a server in place that restricts the number of unsuccessful MFA login attempts that a user can make

– Conducting regular cybersecurity awareness training that teaches employees about common MFA hacking techniques, identifying phishing emails, creating secure passwords etc.

 

THREAT 3: SMISHING AND MOBILE DEVICE ATTACKS

While ‘smishing’ or SMS Phishing isn’t exactly new, the concept has rapidly evolved in the past years, and the channels for orchestrating these campaigns are no longer restricted to traditional text messages. Cybercriminals are increasingly disseminating scams via mobile messaging apps such as WhatsApp, Facebook and Instagram Messenger and WeChat. With these constant developments, we’re not expecting them to go away anytime soon.

In most cases, people aren’t expecting to receive fake messages through these channels, especially when the sender claims to be someone they can trust, like a colleague or a potential customer. These factors make users more susceptible to opening attachments or clicking on licks. All it takes is one wrong click, and your business could be facing a massive data breach.

HOW TO PROTECT YOUR BUSINESS

Educating your employees on the nature of these attacks will be your best form of prevention and protection. If your employees know how to identify smishing or mobile attacks, they will be far less likely to fall for them.

In addition to this, ensure you have clear policies and procedures in place surrounding potential scams. Ensure your team understands how to report threats and get advice on suspicious messages. It’s much better to take the time to take all employee concerns seriously than face a company-wide cyberattack!

GET ON TOP OF YOUR CYBERSECURITY TODAY!

Now that you’re armed with all that information, do you think your business is prepared for the cyber threats coming in 2023? If you’re unsure, don’t wait to find out the hard way! 

Here at ALL IT, we provide managed I.T security services and security consulting services to protect your business from data breaches and malicious attacks, giving you peace of mind that your network is protected at a high level.

As we’ve seen, cyberattacks are becoming more deceptive by the day, so you want to make sure your business has the best level of protection and maintenance to minimise the risk of threats to your network and keep ahead of the nasties!

If you would like to make sure your business is prepared for any new cyberattack in 2023, fill in your details below. We will contact you within 48 hours to have a chat about your existing cybersecurity systems and how we can help you to improve them for the new year ahead!

Let's Start Something new
Say Hello!

Contact the team today and discover a how we can transform your business I.T