Metaverse and Space May Be Cybercriminals’ Playgrounds in 2023
December 07 2022 - 6:00AM
Business Wire
According to the 10th Annual Experian® Data
Breach Industry Forecast, threat vectors continue to expand forcing
organizations to reinforce cyber resiliency
As technology continues to evolve for business and personal use,
cybercriminals are also leveraging innovation for attacks.
Experian’s 10th annual Data Breach Industry Forecast includes six
predictions for 2023 addressing the expanded landscapes that
cybercriminals are expected to play in, such as the metaverse, and
their favored modes of attack including using deepfakes.
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Experian releases its 10th annual Data
Breach Industry Forecast for 2023. (Graphic: Business Wire)
Additional frontiers are a focus for 2023
In addition to the metaverse, hackers will increasingly explore
more frontiers including space and innovative technology like
artificial intelligence come 2023. This year’s report outlines
several predictions to help companies understand where
cybercriminals will lurk and how they will attack. These
predictions include:
- Wild, Wild West of the Metaverse: While embarking on a
virtual life journey is an appealing concept to many, it has
vulnerabilities. As the metaverse continues to gain momentum,
phishing attempts, NFT-related scams and malware attacks have
already begun, with potentially more looming in the year ahead. The
use of AR and VR devices increases the impact of data breaches as
these devices collect large amounts of personal information and
user data. This may increase their potential to be hacked and lead
to more sophisticated attacks.
- Houston, We Have a Problem: Thinking about the scale of
damage that could result from space satellites being hacked is
disconcerting, but it’s also a reality we must prepare for in 2023.
The combination of a disjointed regulatory environment and more
satellites in orbit than ever before opens the door for bad actors
to exploit the satellites in orbit, or with a big enough satellite,
even launch cyberattacks from space.
- Imitation That’s Not a Form of Flattery: While
influencers of all types may chase exposure, this isn’t the kind
they want. Use of deepfake technology by bad actors could be
leveraged for more than just funny videos and elevated to create a
new level of strategic mischief. Global leaders, business titans
and influential industry experts around the world will need to stay
vigilant of the misuse of their image and likeness as deepfake
technology may be an increasingly popular tool in warfare and in
cybercrime.
Resiliency is the key to winning long-term
Among Experian’s predictions is a long-term outlook that the
amount of time to detect and defend against a security intrusion
will probably not improve significantly over the next 10 years.
Organizations still grapple to prevent data breaches with more than
1,200 breaches this year so fari. Unfortunately, it still takes
organizations a lengthy 212 days to identify a cyber intrusion and
another 75 days to contain it, according to IBMii. Strategies to
improve detection and containment need to be shored up.
“In assessing the cyber landscape, we pinpointed a preparedness
weakness that needs attention,” said Michael Bruemmer, vice
president, Global Data Breach Resolution at Experian. “The reality
is that cyberattacks can’t be prevented 100 percent of the time but
organizations that can discover and thwart cyberattacks quickly
will suffer less damage financially and reputationally. We believe
there is a shift in mindset needed to focus on resiliency to
complement the pursuit for absolute prevention.”
Click here to access the complimentary report and see the full
list of predictions.
To learn more about Experian Data Breach Resolution, go to
https://www.experian.com/business/solutions/fraud-management/global-data-breach-services.
About Experian
Experian is the world’s leading global information services
company. During life’s big moments – from buying a home or a car,
to sending a child to college, to growing a business by connecting
with new customers – we empower consumers and our clients to manage
their data with confidence. We help individuals to take financial
control and access financial services, businesses to make smarter
decisions and thrive, lenders to lend more responsibly, and
organisations to prevent identity fraud and crime.
We have 20,600 people operating across 43 countries and every
day we’re investing in new technologies, talented people, and
innovation to help all our clients maximise every opportunity. We
are listed on the London Stock Exchange (EXPN) and are a
constituent of the FTSE 100 Index.
Learn more at www.experianplc.com or visit our global content
hub at our global news blog for the latest news and insights from
the Group.
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i Identity Theft Resource Center, Q3 Data Breach Analysis ii
IBM, Cost of a Data Breach 2022
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version on businesswire.com: https://www.businesswire.com/news/home/20221207005227/en/
Sandra Bernardo Experian 949 529 7550
sandra.bernardo@experian.com
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