Some enterprise tech trends ebb and flow, but demand for heightened cybersecurity protection is here to stay. 2023 is the year we'll see a wave of new businesses embrace cybersecurity strategies - here's why.
Why is cybersecurity a priority in 2023?
The demand for enhanced cybersecurity protection is persistent, driven by the increasing frequency and sophistication of cyber threats. In 2021, 37% of businesses reported ransomware attacks, costing the global economy $20 billion. As businesses continue to operate online, the risks associated with cyberattacks have multiplied, making it essential for organizations to prioritize cybersecurity strategies.
How can small businesses manage cybersecurity costs?
SMBs can explore various cost-effective options for establishing a cybersecurity strategy. Hiring a virtual Chief Information Security Officer (CISO) or partnering with a managed service provider can provide foundational support without significant financial strain. Additionally, as new, affordable cybersecurity solutions become available, SMBs will have more accessible options to enhance their security posture.
What regulatory changes are impacting cybersecurity?
In 2023, more stringent regulations are anticipated, particularly concerning the protection of customer personal identifying information (PII). While federal legislation is still developing, several states are taking proactive measures to regulate how companies handle consumer data. This evolving regulatory landscape will likely prompt businesses to adopt more robust cybersecurity measures to ensure compliance and protect sensitive information.
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