9 Enterprise Cybersecurity Technology Trends for 2023

The role of cybersecurity technology in enterprise industries is expanding, as cyber threats and incidents grow more complex and frequent. Innovative IT solutions are needed to ensure cyber leaders can provide optimal security for their company’s and customers’ data.

The top 8 focus areas for enterprise cybersecurity technology in 2023 are: 

  1. Application and API Security
  2. Cloud Security
  3. IoT
  4. Incident Detection
  5. Remote Work Security
  6. Cyber insurance
  7. Zero trust
  8. Staff Augmentation 
  9. Artificial Intelligence

Your organization should consider these leading approaches to safeguard data against threats to your critical multi-cloud, networking, and infrastructure environments.

Trend 1: Application and API Security

The popularity and usage of Application Programming Interfaces (APIs) across enterprise industries have increased. While APIs are essential for modern businesses, they are also susceptible to hacking because of the sensitive data they transmit. Suppose data such as personal user information, payment details, and proprietary business data becomes exposed due to a lack of API security, which can harm businesses. APIs require substantial access control so unauthorized users cannot access sensitive data or perform malicious actions. APIs require robust authentication and authorization mechanisms so attackers cannot impersonate legitimate users to gain access. Additionally, APIs can be complex to configure so any misconfigurations can expose the API to attacks.

Luckily, many API security companies and technologies are out there to protect APIs and reduce cyber risk. Finding the right solution for your organization requires expertise from a cybersecurity partner such as GenuineXs.

Now, let's move on to the next trend.

Trend 2: Cloud Security

Cloud-based tools and services have become commonplace as organizations move towards digital transformation. With 45% of breaches being cloud-based, implementing cloud security is mission-critical. In cloud environments, security becomes shared between the cloud service provider and the customer. While the cloud provider is responsible for the security of the cloud, the customer is responsible for security in the cloud. Misunderstandings or negligence of this responsibility can lead to security gaps.

Cloud security issues also include lack of visibility, multi-tenancy issues, access management, compliance, and misconfigurations. It is no surprise that cloud security is one of the fastest-growing segments in IT security to protect your organization against these challenges.

Now, let’s move onto the next trend.

Trend 3: IoT

Risks associated with the Internet of Things (IoT) have become more pronounced. While IoT is important for businesses due to its ability to enhance efficiency, enable innovative technologies, and provide valuable data, IoT devices are also susceptible to hacking.  Many users need to be aware of the potential security risks associated with IoT devices and may not take the necessary precautions to secure them. Take precautions such as addressing inadequate security measures, changing default usernames and passwords, completing regular software updates and patches, etc. 

IoT devices are often interconnected and often contain sensitive data. If an IoT device is compromised, it can provide a gateway to devices on the same network. If not properly secured, this data can be accessed by hackers. IoT security should be a priority.

Now, let’s move onto the next trend.

Trend 4: Incident Detection

Organizations must have a well-defined and consistently applied incident detection plan in the face of increasingly sophisticated, frequent, and damaging cybersecurity incidents. This enterprise cybersecurity trend addresses transitioning from reactive to proactive cybersecurity. Incident detection systems help identify potential threats and vulnerabilities early, often before they can cause significant damage. This allows organizations to respond quickly and mitigate the impact of a security incident. 

Partnering with a company that can help you find technology solutions that detect and respond to security incidents in real time will help you stay on top of this trend.

Trend 5: Remote Work Security

Remote work has been trending for years, as has remote work security that focuses on the user. With users working from anywhere, enterprise cybersecurity often needs help to keep up with the expanded threat surface. One way to address this is through access management technology, such as continuous identity verification solutions. By confirming a customer's identity in real-time, the goal is to establish and maintain identity throughout the user’s session—no matter where they work.

Now, let's move on to the next trend.

Trend 6: Cyber Insurance

Cyber insurance has become a critical part of an organization's risk management strategy as cyber threats continue to evolve. Consider this enterprise cybersecurity trend to help mitigate the financial risks associated with cyber incidents. To determine a plan of action for cyber insurance, consider taking a survey or assessment that can provide a detailed understanding of your organization's risk profile. This can help you understand the potential impact of a cyber incident on your business and identify areas where you can improve your cybersecurity measures. Remember, cyber insurance is not a replacement for good cybersecurity practices but a valuable part of a comprehensive risk management strategy.

To evaluate your cyber insurance risk for free, take our survey.

Now, let's move on to the next trend.

Trend 7: Zero Trust

Zero Trust will continue to be an enterprise cybersecurity trend in 2023. Over 50% of CISOs plan to implement a Zero Trust policy within the year. The main goal of Zero Trust is to ensure that only authorized individuals and resources can gain entry to your sensitive data. Evaluate your cybersecurity technology and solutions against the Zero Trust model to see how your business handles access control. Consider working with one of the many Zero Trust security providers, such as Palo Alto Networks that can support your Zero Trust initiative.

Now, let's move on to the next trend.

Trend 8: Staff Augmentation

Another essential trend in cybersecurity for 2023 is staff augmentation. Cyberattacks are only growing more sophisticated. More expertise and workforce are needed at companies to keep up with the demands. To scale quickly, outsourcing cybersecurity is a flexible, reliable, and fast solution. Finding the right-fit solutions provider should be a priority in 2023. 

Trend 9: Artificial Intelligence

The latest but not most minor trend in 2023, Artificial intelligence(AI), continues to dominate the news, especially with the massive adoption of ChatGPT globally. Yet, many CISOs and CIOs need help with the risk versus reward of this disruptive capability. Many security vendors, including Cisco Systems and Palo Alto Networks, have adopted AI within their various security solutions. 2023 and 2024 threat landscapes will also show increased hackers using the same tools.

Prepare for Cybersecurity Trends with GenuineXs

Learn more about the cybersecurity solutions that are modernizing enterprise security—and which work best for your organization. Talk to an expert at GenuineXs.

About GenuineXs

GenuineXs is a minority-woman-owned IT and cyber security firm.  Our security and engineering team guides enterprise companies out of cyber vulnerability and into Cyber Transformation. 

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