Many people think they are safe from cyberattacks because the criminal masterminds have important targets on their radars. Reality paints a different picture.
Cybercriminals make no distinction – they target businesses, small businesses and individuals. They are constantly inventing their own methods, even for lowlevel attacks, because people are becoming more and more aware of overused scams.
While that doesn’t mean their old tricks no longer work, more creative scams and hacks take center stage. Here are the most dangerous cybersecurity threats to expect in 2023.
Cybercrime as a Service (CaaS)
Cybercrime as a service is a criminal business model that expert cybercriminals use to sell tools and services to newcomers to the field. These include black hat hackers, malware and ransomware developers, and other criminals who seek to gain access to Internetconnected devices and networks with malicious intent.
In addition to offering stolen credentials, they develop sophisticated malware that anyone can use to carry out cyberattacks, even if they are not techsavvy. The dark web is full of these endtoend services for which customers pay in cryptocurrencies. One common CaaS is ransomware as a service, which means anyone can purchase ransomware.
Multivector cyber attacks
Multivector cyberattacks use multiple entry points to penetrate networks. These are DDoS (Distributed Denial of Service) attacks on steroids.
They use several threat vectors instead of the traditional one, which makes it impossible to fight them all. After you deal with one, they launch another.
Several threat vectors allow cybercriminals to launch double and triple attacks to extort ransomware. They may threaten to leak data instead of just encrypting and displaying sensitive information.
The combination of this threat with CaaS makes both threats even more terrifying.
Social engineering attacks continue to rise, and cybercriminals are developing ever more sophisticated tricks to trick people through psychological manipulation.
They use emotions to encourage their victims to spend money on fake websites or divulge sensitive information. They create a sense of urgency, inspire fear, or heighten the excitement of unsuspecting victims about investing in fiction.
This human hacking can take many forms, including spear phishing, traps, texting, entrapment, baiting, and scare software.
Pig cutting scam
The pig butchering scam lures victims into investing in a fictitious crypto project with the false promise of high returns before tricking them into taking their money.
Scammers using these bait schemes contact their victims via text messages, instant messaging apps, social media, and dating apps, pretending to know them. They use social engineering to build trust over weeks or months by discussing various topics before casually mentioning cryptocurrency investments and sharing links to their bogus websites.
Once someone takes the bait, the scammers ensure they win big to encourage more investment. After a while, they steal all the money, hence the term “pig butchering” for fattening the pig before slaughter.
BEC Attacks (Business Email Compromise)
BEC attacks are spear phishing attacks. These include cybercriminals impersonating someone their targets know in order to obtain personal or sensitive information such as usernames and passwords. However, they focus on spoofing rather than sending malicious links in emails in order to steal data or receive significant payouts.
They pose as someone from their victims’ workplaces, tricking them into urgently transferring money to their accounts. They usually pose as midlevel employees and often use payroll scams to extort money from victims.
IoT devices as targets for hacking
IoT (Internet of Things) devices have been the main targets of hacking for many years. However, we will undoubtedly see more attacks in 2023 as experts predict that there will be 43 billion IoT devices this year.
The more connected devices we use, from smartwatches, speakers and locks to security cameras and autonomous cars, the more we make it easier for hacker malware campaigns.
How can we deal with this problem? We won’t give up on the convenience of realtime connectivity between devices. However, we cannot rely on their security protocols because history has taught us that they cannot be hacked.
How can we protect our IoT devices, identities and sensitive information? Here are some invaluable tips.
How can you protect against these cybersecurity threats?
The most valuable piece of advice for protecting against cybersecurity threats is to trust no one online. Triple check email addresses and domains and don’t click on suspicious links – someone can trick you with impersonation and other social engineering scams. Thus, disclose people only to official representatives and do not forget about secure file sharing.
However, you cannot live in fear. You cannot constantly be afraid that someone will impersonate your friend, colleague or family member to swindle you out of money. You can’t give up your devices and start living like a hermit. You can strengthen and change your passwords regularly, but you still need other solutions.
Enter VPN (Virtual Private Networks). A VPN will encrypt your internet connection and create a private tunnel around the public network to make you invisible to wouldbe hackers. No matter how many devices you connect to the Internet, it will protect their systems and your data. So you can get a VPN for PC that will also work on smartphones and TVs at the same time.
Cybersecurity threats will continue to grow in 2023 and beyond. Cybercriminals will continue to innovate in their tactics and tools to launch sophisticated campaigns.
However, we are no longer in the dark about their tricks. It’s now easier than ever to fight them off and keep our data and personal data safe, so don’t stop there. Explore other threats to become a seasoned cyber citizen, always on the lookout for potential attacks.
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