Intelligent CIO APAC Issue 31 | Page 53

FEATURE : CYBERSECURITY

Mimecast cybersecurity and IT industry predictions for 2023

It ’ s time to look ahead and think about cybersecurity priorities for the year . So , what do organizations need to take into consideration in 2023 regarding upcoming trends ? Where should businesses choose to invest their time , resources and budgets ? Here are some key predictions from Mimecast , an advanced email and collaboration security company , for the security landscape in the coming year .

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Phishing attacks targeting new employees
Phishing attacks will continue to iterate as these are low-cost with a high return on investment for cybercriminals , especially initial access brokers . Recent research has shown that an email impersonating a colleague has the highest chance of success . We ’ re therefore likely to see phishing attacks on new employees grow as a phenomenon . As new start-ups make a splash on LinkedIn , they are more susceptible to fake welcome emails from ‘ senior executives ’ or fake company onboarding portals . Sometimes , these are used for credential harvesting , account takeover or even multistage malware droppers .
More sophisticated spear phishing
Fraudsters will continue using social engineering , a method of attack where cybercriminals weaponize personal information to target a specific user . Sophisticated attacks like spear phishing – where attackers send emails that appear to be from a known or trusted sender – will grow .
Most prominently , whaling will be on the rise , which is an even more specialized variety of spear phishing
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