Continued cybersecurity negligence will see more data breaches in 2023, according to cybersecurity and biometrics firm Daltrey.
Daltrey put the call out to their team of biometric and security experts for their predictions for 2023, based on what they are observing at the coalface working to keep their clients secure.
Amongst the key trends, Blair Crawford, founder and CEO of Daltrey, warns that through continuing cybersecurity negligence, we may see more data breaches in 2023.
"We tip it will be due to the human factor and related to passwords, as an Australian business will have failed to remove weak credentials for their digital assets," he says.
He also predicts that biometrics will increase in adoption at the consumer level and for cyber defence.
"Sadly we don't think we have seen the last of the cybersecurity breaches," says Crawford.
"The most significant breach in 2022 was Medibank with millions of customer records, including highly sensitive PII stolen. The cost of remediation is expected to exceed $25 million with the impact on affected customers likely to last many more months, or even years."
Crawford says the worst may be yet to come.
"A storm is brewing, and all Australian businesses need to heed the warnings that the last quarter of 2022 has shown and act now to close vulnerabilities."
Crawford says cybersecurity threats will continue to increase in 2023, and there will be a significant shift to threats upon SMEs and small businesses, not just enterprises.
"The new Australian Government will continue to shape laws to ensure organisations are taking the appropriate steps to help keep their customers and employees safe," he says.
"Cybersecurity will become the new mining industry by way of its significant growth and c ..
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