Cyberse by Check Point Software – GuruFocus.com

0

SAN CARLOS, Calif., Nov. 10, 2022 (GLOBE NEWSWIRE) — Check Point® Software Technologies Ltd. (CHKP), a global leader in cybersecurity solutions, has released its 2023 Cybersecurity Predictions, which outline the key security challenges organizations will face over the next year.

Cyberattacks across all industries increased 28% in the third quarter of 2022 compared to 2021, and Check Point forecasts a continued strong increase globally, driven by the rise of ransomware exploits and state-mobilized hacktivism driven by international conflicts. At the same time, enterprise security teams will come under increasing pressure as the global cyber workforce gap of 3.4 million employees continues to widen and governments are expected to introduce new cyber regulations to protect citizens from breaches .

In 2022, cybercriminals and state-affiliated threat actors continued to exploit the hybrid ways organizations work, and the proliferation of these attacks shows no signs of slowing as the Russia-Ukraine conflict continues to have a profound impact across the globe. Organizations need to consolidate and automate their security infrastructure so they can better monitor and manage their attack surfaces and prevent all types of threats with less complexity and human resources requirements.

Check Point’s 2023 cybersecurity predictions fall into four categories: malware and phishing; hacktivism; new government regulations; and security consolidation.

Hikes in malware and hacking exploits

  • No respite from ransomware: This was the top threat facing businesses in the first half of 2022, and the ransomware ecosystem will continue to evolve and grow, with smaller, more agile criminal groups forming to evade law enforcement.
  • Compromising Collaboration Tools: While phishing attempts against business and personal email accounts are a common threat, in 2023 criminals will broaden their scope to target business collaboration tools like Slack, Teams, OneDrive, and Google Drive with phishing exploits. These represent a rich source of sensitive data as employees at most companies continue to frequently work remotely.

Hacktivism and deepfakes are evolving

  • State-mobilized hacktivism: In the past year, hacktivism has evolved from social groups with fluid agendas (like Anonymous) to state-sponsored groups that are more organized, structured, and sophisticated. Such groups have recently attacked targets in the US, Germany, Italy, Norway, Finland, Poland, and Japan, and these ideological attacks will continue to escalate in 2023.
  • Arming Deepfakes: In October 2022, a deepfake was circulated of US President Joe Biden singing “Baby Shark” instead of the national anthem. Was this a hoax or an attempt to influence the important US midterm elections? Deepfake technology is increasingly being used to deliberately influence and manipulate opinions or to trick employees into divulging access credentials.

Governments step up measures to protect citizens

  • New data breach laws: The breach at Australian telecoms company Optus has prompted the country’s government to introduce new privacy regulations that other telecoms companies must follow to protect customers from subsequent fraud. We will see other national governments follow suit in 2023, on top of existing measures like GDPR.
  • New national cybercrime task forces: more Governments will follow Singapore’s lead in establishing multi-agency task forces to fight ransomware and cybercrime, bringing together businesses, foreign ministries and law enforcement agencies to tackle the growing threat to commerce and consumers. These efforts result in part from the question of whether the cyber insurance sector can be relied upon as a safety net for cyber incidents.
  • Prescribe security and privacy by design: The automotive industry has already taken measures to protect vehicle owners’ data. This example is followed in other areas by consumer products that store and process data and blame manufacturers for vulnerabilities in their products.

Consolidation matters

  • Reduce complexity to reduce risk: The global cyber skills gap grew by over 25% in 2022. Yet, because of the pandemic, enterprises have more complex, distributed networks and cloud deployments than ever before. Security teams need to consolidate their IT and security infrastructures to improve their defenses and reduce their workload to stay ahead of threats. More than two-thirds of CISOs said working with fewer vendor solutions would increase their organization’s security.

Follow Check Point via:
Twitter: https://www.twitter.com/checkpointsw
Facebook: https://www.facebook.com/checkpointsoftware
Blog: https://blog.checkpoint.com
YouTube: https://www.youtube.com/user/CPGlobal
LinkedIn: https://www.linkedin.com/company/check-point-software-technologies

About Check Point Software Technologies Ltd.
Check Point Software Technologies Ltd. (https://www.checkpoint.com/) is a leading provider of cyber security solutions to businesses and governments worldwide. Check Point Infinity’s portfolio of solutions protects businesses and public organizations from 5th Generation of cyber attacks with an industry-leading detection rate of malware, ransomware and other threats. Infinity consists of four core pillars that deliver uncompromised Generation V security and threat prevention in enterprise environments: Check Point Harmony for remote users; Check Point CloudGuard to automatically secure clouds; and Check Point Quantum for protecting network perimeters and data centers, all driven by the industry’s most comprehensive, intuitive unified security management; Check Point Horizon, a security operations suite that puts prevention first. Check Point protects over 100,000 organizations of all sizes.

MEDIA CONTACT:
Emilie Beneitez Lefebvre
Check Point Software Technologies

[email protected]

INVESTOR CONTACT:
Kip E. Meintzer
Check Point Software Technologies
+1 650.628.2040
[email protected]

Check Point Software Technology.png

Share.

About Author

Comments are closed.