Data by Forbes shows that a business fell victim to ransomware attacks every 10 seconds in 2022, up from every 15 seconds in 2019. Predictions reveal consumers, businesses, governments, and devices will continue facing an increased frequency of ransomware attacks over the next few years, reaching every three seconds by 2030.
Figures suggest total ransomware damages amounted to over $20 billion per annum in 2021. The numbers have increased 56x, with the losses being just over $300 million in 2016. Projections show the costs will exceed $260 billion a decade from now.
With advanced technologies developing at lightning speed, you can expect some significant challenges and changes when it comes to digital security. With expertise and experience in the industry, VPN service providers like VPNgeniX are a reliable source for keeping up with the latest advances that can keep you safe from a wide range of cybersecurity threats.
Part experience, part signal, and part trend—here are some evolving threats and cybersecurity predictions that are going to be the norm in 2023.
#1- Security Threats Concerning 5G
The growing adoption of the fifth-generation network pinpoints a whole new range of 5G-related security concerns in 2023. While the technology offers more reliable and optimized speeds with unlimited connectivity, unlike the preceding 4G technology, the relatively new advancement is riddled with many system vulnerabilities.
A cloud-based technology is required for it to function, which creates more access points that hackers can exploit. The global shortage of cybersecurity experts and the rapid adoption of 5G will bring forth many new challenges that shouldn’t be overlooked.
#2- Data Privacy
With criminals and corporations continuing to contend for sensitive information, data privacy has become more important than ever. This year is likely to see an uproar that results in data privacy gaining much-needed attention and legal protection from governments across the globe. Developing nations are expected to pass their versions of GDPR and PDP bills requiring organizations to protect data rights and get individual consent for accurate personal data.
#3- Blockchain-Based Cybersecurity Solutions
Blockchain is incredible for decentralized and secure information exchange and storage. The technology delivers unrivaled data transparency, integrity, and decentralization. This year, blockchain may be applied to cybersecurity innovatively in an attempt to create virtually unbreakable and advanced digital security solutions.
Although the technology is currently expensive, it’s maturing gradually to attract substantial investment. Meanwhile, the rapid growth of DeFi, or decentralized finance services, is also giving birth to new methods of crypto-crimes.
Estimates predict these attacks and rug pulls are likely to cost the world $28 billion in 2023 and beyond. The figures are expected to grow 14% annually as crypto technology continues to become more widespread worldwide, fueling the interest of cybercriminals in pilfering crypto-based businesses.
#4- Fileless Malware
New malicious software inventions allow infecting devices using built-in applications, making it extremely challenging to detect or eliminate. It can exploit software vulnerabilities in trusted and well-known applications the user has already downloaded without leaving any traces of the attack on the device’s memory.
While fileless malware first emerged in 2017, it’s likely to become a lot more damaging in 2023, considering how cyber threats are also evolving at the same pace as cybersecurity technologies. The sophisticated tools and methods attackers use make it even tougher to detect.
Using a VPN, short for Virtual Private Network, can help you navigate the cybersecurity challenges expected to impede safety and security in the digital world. VPNgeniX provides one of the best online VPN services to keep individuals and business entities safe from online data breaches.
VPN hides the IP address and secures the internet connection, which keeps data safe from hackers. The company provides access to some of the best VPN service providers that offer advanced features like blocking intrusive trackers, blocking ads, and scanning each download for malware.
VPNgeniX is also remarkably user-friendly and doesn’t track any information that can compromise your surfing activities. It protects your electronic gadgets and cloud technology from cybercriminals.
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Learn more about their secure VPN servers, antivirus software, and other digital security tools. Reach out to them today for more details.
