Four Cyber Risk Trends to Watch in 2023 and How Businesses Can Mitigate Them 

This past year, commerce has become more digital and cybersecurity has gotten more complicated as working from home has emerged as a new normal. One of the most critical emerging threats involves the supply chain; understanding how third-party cyber risk can bring your network down is vital for modern resilience.

What are four cybersecurity challenges organizations should prepare for in 2023? Beyond internal threats, leaders must implement third-party cyber risk management to safeguard their supply chain effectively. To navigate these complexities and ensure robust defense, many businesses are turning to comprehensive cybersecurity solutions like the Cyber Advocate for expert guidance.

Read the full article from Forbes.

Key Takeaways

• Remote work increases complexity: The shift to hybrid and remote work models has expanded the attack surface, making cybersecurity management more challenging.
• Third-party risk is critical: As commerce becomes more digital, vulnerabilities within the supply chain and external vendors pose significant threats to network security.
• Proactive mitigation is necessary: Organizations must move beyond basic defenses and implement comprehensive strategies to address evolving digital threats.

Frequently Asked Questions (FAQ)

1. Why has cybersecurity become more complicated recently?

The rapid shift to remote work and the digitization of commerce have expanded the “attack surface.” With employees accessing data from various locations and devices, securing the network is far more complex than when everyone was in a single office.

2. What is third-party cyber risk?

Third-party cyber risk refers to the potential for a cyberattack to enter your organization through an outside vendor, supplier, or partner. If their security is compromised, it can create a bridge for hackers to access your sensitive data.

3. How can a “Cyber Advocate” help my business?

A Cyber Advocate provides personalized, high-level security guidance tailored to your specific needs. They help assess your current risks, implement necessary policies, and ensure your team is trained, effectively acting as an extension of your IT leadership.

4. What is the first step in mitigating these new risks?

The first step is assessment. You must identify where your data lives, who has access to it (including third parties), and what vulnerabilities exist in your current remote work setup before you can effectively secure them.