Increase in ransomware, zero-day vulnerabilities, and supply chain attacks top cyber threats for 2023, report

Security solutions firm Barracuda, on Wednesday, shared its cyber threat predictions for 2023. The predictions point to the exploitation of authentication methods, expansions of attack surfaces, more zero-day and supply chain attacks, web application attacks, and exploitation of vulnerabilities in IoTs. And with ransomware-as-a-service business models taking off and the build leak of LockBit 3.0, a new generation of smaller and smarter gangs are likely to become more prevalent, the cloud-first security solutions provider shared. Predictions also include attacks on supply chains, credential theft, and an expansion of attack surfaces. As existing authentication methods are challenged by attackers, security practitioners need to look at alternatives,” Parag Khurana, Country Manager, Barracuda Networks India, said.