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Most organisations are now considering cybersecurity as their top priority as the modern threat landscape tremendously evolved. Threat actors have discovered new ways to act maliciously against companies and are now targeting different industries.
Apricorn, considered a leader in providing hardware-based 256-bit encrypted external storage products, predicts that threat actors may look to act against intellectual property, hack automobiles, and maximise economic challenges in the new year.
According to Jon Fielding, managing director of EMEA for Apricorn, “Driven by nation-state threats, market competition and internal threats, many companies will face an increased risk of losing valuable intellectual property (IP) or having research and development (R&D) efforts thwarted by data leaks. There needs to be a push for data encryption across all levels of business.”
Fielding added that for most of the IT leaders who responded to Apricorn’s 2022 UK IT Security Survey, half of the participants’ companies now require data encryption, both at rest and in transit.
Apricorn also predicts that automobile hacking to access drivers’ data may increase. The company recommends that automobile companies invest more in protecting driver data, ranging from dashcam footage, and GPS location to credit card and sensitive information stored in the driver’s cell phone connected to the car via Bluetooth.
Roxanne Libatique, an Insurance Business New Zealand journalist, also noted that Apricorn “expects organisations to face challenges by resource constraints brought by economic challenges, staff shortages, and tech layoffs.” Fielding added, “This scarcity of resources may put additional strain on IT teams leading to increased cybersecurity risks. I predict that an increase in cybersecurity breaches and data loss events may occur due to IT teams being stretched too thin.”
With these threats, the company foresees that the necessity for data restoration may be a likely scenario in the new year. Apricorn recommends that backup and recovery strategies be intentional, practised and effective, as corrupted or compromised data will only hinder recovery efforts.
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