5 Cyber Security Threats Every Business Should Watch for in 2023
As the pace and ways of doing business evolve, so do cyber security risks. A recent discussion with cyber security firm Kobalt.io revealed the top threats businesses face in 2023.
Email is critical to the lifeblood of modern business. Business email compromise is no joke, and continues to increase despite increased awareness. Take steps to protect your organization now
Help ensure strong external posture
Detect account compromise, preventing long term dwell times
Shore up your email system defense
Prevent phishes, credential stuffing and teach financial staff how to prevent transfer fraud
Reduce risk of impersonation attacks
As the pace and ways of doing business evolve, so do cyber security risks. A recent discussion with cyber security firm Kobalt.io revealed the top threats businesses face in 2023.
In recent years, financial losses due to fraud have increased steadily. The Canadian Anti-Fraud Centre reports that $370 million was lost to scams and fraud in 2021, an increase of 130% compared to 2020. In 2022, $530 million was lost to fraud — another significant increase.
Just because you run a small business doesn’t mean you’re beyond being targeted for a cyber attack. Small businesses often hold the same sensitive customer information as larger enterprises. That, combined with fewer resources to devote to cyber security knowledge and mitigation, makes them an attractive target to hackers.
As businesses scale to meet rising demands, getting a clear visibility of what is happening in your digital assets is vital. It is important to run continuous monitoring to effectively scan for a broad range of attacks, troubleshoot potential risks and secure your tech stack.
Cyber security in the workplace has become increasingly critical as more organizations migrate to cloud services. As adoption of digital channels and work from home initiatives have grown exponentially, so too has the number of phishing attacks, business email frauds, data breaches and ransomware attacks.
