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On-Premises Solution >

SECURITY

Network Detection and Response >

Intrusion Detection System >

Forensics >

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Network Performance Monitoring >

Forensics >

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CONTACT US

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TOP CYBERSECURITY TRENDS FOR 2023: STRATEGIES, INTEGRATIONS, AND BUDGETS

Paul Ditty

December 20, 2022




When an offense shifts, the defense must shift along with it. In the early years
of cyberthreats, all you needed was a sturdy wall. Now, it seems, you need a
bigger wall, more alerts, extended visibility, and more people to manage
operations. According to the Gartner® Hype Cycle™ for Security Operations, 2022:
"Organizations need to support a complex and sometimes competing array of
approaches to security, while also supporting the growth of the organization via
traditional IT infrastructure deployments, cloud-based deployments and hybrid
approaches."

Budgeting and security risk planning go hand in hand, which is why we asked our
security experts to offer their thoughts on emerging trends and technology
considerations for 2023 and beyond.


SECURITY LEADERS MUST ADAPT TO CHANGE

It's no secret that attackers are becoming more sophisticated, but that doesn't
mean everyone believes it. In an ExtraHop survey of IT decision makers, 77% or
respondents remain confident in their ability to mitigate threats, yet 64% also
claim that half of reported data breaches are due to outdated security postures.
As ExtraHop Senior Principal Data Scientist Edward Wu explains, it's critical to
know your attack vectors and how security leaders might rethink defense spending
when they're securing budget:

Spending on perimeter network defense still outpaces spending on post-defense
strategies. The consequence of this imbalance in spending is that attackers are
finding very easy ways to bypass all these network defense tools and, once
inside the environment, they have their run of the place. The current network
defense spending trend is based on an assumption of how attackers attack, and
that assumption is outdated. In 2023, organizations will need to adapt to these
changes and shift their spending allocation to combat today's attack
methodology.

Attacks on vulnerable infrastructure also continue to escalate, especially among
healthcare IoT and educational organizations. Karl Werner, Area Vice President
in Germany, expects to see more executives weighing in on preventative measures:

As high-profile attacks grip the news cycle, security is no longer exclusively
the "headache" of the IT department. It's everyone's problem. The C-suite is
taking note of the impact ransomware attacks could have on their operations and
reputation. Top executives across Germany understand that an attack today could
potentially ruin the company.


COMPANIES WILL EMBRACE XDR AND INTEGRATED PARTNERSHIPS

High-fidelity integrations will also play a key role in the fight for data
protection. Combining resources also helps alleviate friction and allows teams
to share valuable information. Karl Werner sees this trend shifting from nice to
have into a business priority:

Integration is crucial to today's enterprise security landscape. Most businesses
do not value silos or standalone solutions that make it harder to solve their
business challenges around today's complex threats. They prefer solutions that
integrate seamlessly into existing IT infrastructure. From a network monitoring
perspective, many businesses are now very interested in combining NDR with EDR
and SIEM to form more powerful solutions that combine context and action.

Of the many integration solutions out there, extended detection and response
(XDR) has been at the forefront of many conversations revolving around security
measures. This strategy continues to grow in popularity as we come to understand
its true potential, as VP of Sales Engineering in EMEA John Titmus explains:

The promise of XDR is clear: Contextualized, coordinated data helps teams
streamline, prioritize, and automate work. However, the roadmap to actually get
there continues to be a challenge for organizations. In 2023, we will see more
vendors embracing open frameworks to assist in the actual implementation of XDR
that works for each bespoke organization. The cybersecurity industry has
struggled with a one-size-fits-all approach to XDR so 2023 will bring about more
integrations, options and, hopefully, adoption.

One approach to XDR is managed detection and response (MDR), which merges SIEM,
endpoint data security, and network visibility into a single platform. John
Titmus also expects this implementation to continue as we face more advanced
cybersecurity threats:

More businesses are leaning on MDR providers to enable XDR as it ensures they
get the best-retained talent to monitor their networks on a daily basis. XDR is
complex, with huge amounts of data analysis needed, that specialist talent is
critical. However, most organizations hire generalists, which can lead to a
"jack of all trades, master of none" situation. By embracing MDR, businesses can
rest assured that they are dealing with experts in specific clouds, NPM, and
incident response.


AS CYBERSECURITY BUDGETS TIGHTEN, SPEND WILL REMAIN CRITICAL

After talking about security planning, the next conversation will almost
certainly be about cybersecurity spending and what solutions will provide the
best ROI. As ExtraHop Vice President of APAC Ken Chen warns, the cost of getting
hit by an attack without the proper defense could be even more costly:

It seems like a global recession is imminent. As priorities shift, it is
possible that gaps in the cybersecurity framework will be left open. Budget,
staffing or capacity issues may leave businesses at risk or under-prepared for a
cyberattack. The downtime and potential loss in revenue from a cyberattack could
be detrimental to many businesses who are already feeling the impact of a
strained economy. Depending on the type of company impacted (manufacturing or
supply chain), the financial implications could trickle down to other entities
affiliated.

While the global economy's future is uncertain, Ken remains hopeful that 2023
security budget allocations will hold steady, if not increase:

Securing budget for comprehensive IT and cybersecurity initiatives has been
challenging in the past—even in a thriving economic environment. In 2023, we may
continue to slip deeper into a global economic recession, but for various
reasons (geopolitical and digital transformation), I believe cybersecurity
budgets will grow. Security will be a top priority for CIOs in 2023 and the
spend will remain resilient despite a tougher macro environment.

Read More: Takeaways from the Gartner® Hype Cycle for Security Operations, 2022

 

 * Posted in Cybersecurity, Industry Trends, C-Level, Security Threats, NDR
 * See other posts by Paul Ditty


STOP A RANSOMWARE ATTACK
IN PROGRESS.

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attack campaign. Stop them in their tracks while exploring the full ExtraHop
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RELATED BLOGS

12.13.22


CYBERSECURITY PREDICTIONS: CLOUD SECURITY TRENDS FOR 2023

ExtraHop experts discuss cloud security trends for 2023, sharing their
cybersecurity predictions for cloud security threats, security strategy, and
tools.

Kelsey Milligan

12.6.22


CYBERSECURITY PREDICTIONS FOR 2023: THE THREAT LANDSCAPE

ExtraHop experts share their cybersecurity predictions for 2023. Learn what
attack vectors to anticipate and how advanced threats are expected to evolve.

Kelsey Milligan




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