XYPRO 2023 Cybersecurity Predictions: What to Expect in the Coming Year

As we enter 2023, the cybersecurity threat landscape evolves and expands. From the rise of IoT cloud-based attacks to an increased focus on edge computing and IoT devices, organizations must stay vigilant in their efforts to protect against cyber threats. As technology continues to advance and becomes smarter and more automated, it is important to stay ahead of potential threats and understand the latest trends in cybersecurity. In this article, we will examine the top predictions for the 2023 cybersecurity landscape.

1. Cybersecurity Consolidation

Over the last decade, the cybersecurity market has become a crowded space with solutions for just about every vulnerability or threat. Over time we created a boundless sprawl of technology; shelfware, overlapping functionality, gaps in vendor’s offerings, manual effort, and lack of training and resources has resulted in more of a problem rather than solving one. The need for consolidation is long overdue.

Cybersecurity consolidation refers to the integration and centralization of multiple cybersecurity tools and solutions into a single, unified platform or suite. The goal is to improve the efficiency and effectiveness of cybersecurity operations by streamlining the management of security technologies and reducing the complexity of security architecture. This is achieved by integrating a range of tools and solutions, such as firewalls, intrusion detection and prevention systems, security information and event management (SIEM) solutions, and vulnerability management tools.

Cybersecurity consolidation has numerous benefits. Firstly, it reduces costs and minimizes duplication of effort, as organizations no longer have to manage disparate systems. Secondly, it can improve security visibility, as all security data is aggregated and analyzed in a single location. This helps organizations identify and respond to security threats more quickly and effectively. Consolidation also improves the efficiency of security operations, as security teams can manage and respond to incidents from a single console, reducing the need for manual intervention and streamlining security workflows. Finally, all those benefits of cybersecurity consolidation mean the money spent on cybersecurity is more effectively applied.

“Real-time security monitoring and alerting on anomalies is a must. There is no excuse not to know what is happening in your IT systems in real-time.”

Steve Tcherchian
Chief Information Security Officer
XYPRO Technology

 2. API Security 

In 2021, as part of their lawsuit settlement, T-Mobile committed to a $150 million initiative to improve its cyber security. In January, they disclosed another mega breach of 37 MILLION customer records, including addresses, emails, phone numbers, dates of birth, and more. You’re probably one of the victims.

This particular breach was not discovered for more than a month. The threat actor was taking advantage of flaws in T-Mobile’s APIs. This suggests that T-Mobile is not using widely available, modern security monitoring and detection methods.

APIs are used everywhere, especially by Cloud Service Providers, to access and manage “as a service” offerings. As more workloads migrate to the cloud, API security becomes paramount. API security weaknesses lead to unauthorized access to data and resources, or to malicious attacks, such as data manipulation or injection attacks.

API abuse will continue to be a challenge in 2023. Solving one problem with technology and modernization can reveal another. If you’re not yet securing and monitoring your APIs, start with the basics.

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  • Steve Tcherchian

    Steve Tcherchian, CISSP, PCI-ISA, PCI-P is the Chief Product Officer and Chief Information Security Officer for XYPRO Technology. Steve is a member of the Forbes Technology Council, the NonStop Under 40 executive board and part of the ANSI X9 Security Standards Committee. With over 20 years in the cybersecurity field, Steve is responsible for global strategy and innovation of XYPRO’s security product line as well as overseeing XYPRO’s risk, compliance and security to ensure the best experience for customers in the Mission-Critical computing marketplace.   Steve is a security leader with a record of superior results in a variety of challenging and multicultural environments, as well as an engaging and dynamic speaker who regularly presents on cybersecurity topics at conferences around the world.