Top 5 Cybersecurity Trends For SMEs In 2023 

Cybersecurity is no longer an option. It’s a must for all digital businesses in today’s world, especially for Small and Medium-sized Enterprises (SMEs).  

And why should you start implementing cybersecurity protocols immediately? A staggering 1,248 cyberattacks happened every week around the world last year, a 7% increase from the first quarter of 2022. It is clear cyber threats are becoming more sophisticated by the hour. 

SMEs must take pre-emptive strikes against cyber risks to protect valuable data and brand images. But how to start? 

We recommend delegating the rigorous preventive tasks to a cyber expert. This will alleviate security burdens in the long run, freeing up space so you can focus on crucial business endeavours. 

Don’t worry, we’re here to help! Explore these five compelling cybersecurity trends for 2023 that every SME could consider, adopt, and thrive in the digital landscape. 

Trend 1: Cloud Security Solutions 

Cloud services increase accessibility for your business members. Despite its benefits, cloud computing is vulnerable to cyber-attacks and frauds. Approximately $3 billion has been lost to network frauds alone in the last few years.  

It’s vital to have strong cloud security solutions in place to keep your data safe from unauthorised access and breaches in 2023. 

Understanding cloud structures. Source: Deloitte 

CyberWissen’s recommendation: 

✅ Invest in cloud service providers with good reputations that offer end-to-end encryption, multi-factor authentication, and continuous monitoring.  

✅ Regularly check your security system to find holes and fix them as soon as possible.   

Trend 2: AI-Driven Threat Detection  

AI has definitely helped digital service providers with a multitude of tasks, from content generation to process automation. Did you know AI could also assist in preventing cyber-attacks?  

AI-powered threat detection systems are game-changers because they can source data and detect risks in real time. This gives your SME an advantage in the fight against cybercriminals.   

CyberWissen’s recommendation:  

✅ Use AI-powered security solutions to protect yourself from new threats.  

Trend 3: Zero Trust Architecture  

Traditional perimeter defenses are no longer sufficient to tackle current cyber threats, unfortunately. 

Zero Trust cybersecurity eliminates implicit trust and validates every digital transaction. Operating based on the motto “never trust, always verify,” tt protects modern settings and enables digital transformation by using strong authentication, network segmentation, lateral movement prevention,  

CyberWissen’s recommendation:  

✅ Implement a Zero Trust approach in 2023.  

✅ Ensure every access request is rigorously validated and authorised. 

Trend 4: Mobile Device Security  

New channels of communication and storage have inadvertently opened up cyber risks, especially with the rise of remote work and personal use of devices. As a SME owner, your task is to make sure mobile device security strategies are properly implemented.    

CyberWissen’s recommendation:  

✅ Use strong encryption, strict password regulations, and Mobile Device Management (MDM) solutions.  

✅ Train your employees on good cyber hygiene, including knowing how to identify and prevent potential mobile security threats. 

Trend 5: Cyber Insurance  

Despite preventive efforts, cyber incidents can occur . This is where cyber insurance comes in as an additional layer of security for your SME.    

Cyber insurance protects your company against responsibility in case of a data breach. Damages may involve sensitive client information such as Social Security numbers, credit card numbers, account numbers, driver’s license numbers, and health records. 

CyberWissen’s recommendation:  

✅ Apply for cybersecurity insurance to prevent substantial financial damages after a cyber disaster.   

Conclusion  

No businesses can afford to ignore cybersecurity in 2023 and beyond.Protect your important data, defend your organisation against potential threats, and inspire trust in your customers now that you know the top trends in cybersecurity. 

Still have more questions about how to effectively protect your entrepreneurial landscape? Let CyberWissen help! Reach out to us at enquiry@cyberwissen.net for a prompt response from our team.