The Top 10 Security Predictions for 2023

As you build your cybersecurity resilience planning, priorities and roadmap for the year ahead, security and risk experts offer the following cybersecurity predictions for 2023.

However, it is likely that cybersecurity will continue to be a top priority for organizations and individuals in the coming years. Some potential trends and developments that may impact cybersecurity in 2023 include:

1 ) By 2025, it is expected that cybercrime will cost the world $10.5 trillion each year.

It is true that cybercrime is a major concern and can have significant impacts on individuals, businesses, and society as a whole. The cost of cybercrime is difficult to quantify, as it can include both direct financial losses as well as indirect costs such as lost productivity, reputational damage, and the cost of remediation. According to some estimates, the global cost of cybercrime is expected to reach $10.5 trillion annually by 2025. This is a significant increase from previous estimates and highlights the need for organizations and individuals to be proactive in protecting themselves against cyber threats.

2) Global spending on cybersecurity will top $1.75 trillion from 2021 to 2025.

It is likely that global spending on cybersecurity will continue to increase as the number and complexity of cyber threats continue to grow. Cybersecurity is a critical concern for organizations of all sizes and across all industries,

3) In 2023, there will be 3.5 million positions open in cybersecurity worldwide.

The demand for cybersecurity professionals is expected to continue to grow in the coming years. Cybersecurity is a critical concern for organizations of all sizes and across all industries, as the consequences of a successful cyber attack can be significant. As a result, there is a need for skilled professionals who can help organizations protect their systems, networks, and data from cyber threats.

According to some estimates, there will be a shortage of 3.5 million cybersecurity professionals by 2023. This shortage is due, in part, to the rapid growth of the field and the increasing complexity of cyber threats. It is also due, in part, to the fact that there are not enough qualified candidates to fill the available positions. To address this shortage, many organizations are investing in training and development programs to help build the necessary skills and knowledge among their existing employees.

4) By 2031, the global ransomware damage costs are anticipated to approach $265 billion.

It is difficult to predict with certainty what the future cost of ransomware attacks will be, as it depends on a variety of factors such as the sophistication and prevalence of the attacks, the effectiveness of prevention and detection measures, and the willingness of victims to pay the ransom. However, some estimates have suggested that the global cost of ransomware damage could exceed $265 billion by 2031.

5) By 2025, the globe will have to cyber-protect 200 zettabytes of data.

The amount of data being generated and stored around the world is increasing rapidly, and this trend is expected to continue in the coming years. By 2025, it is estimated that the world will need to protect approximately 200 zettabytes of data. This is a significant amount of data, and it is important that measures are taken to ensure the security and integrity of this data.

6) The market for cyber insurance is expected to reach $14.8 billion yearly by 2025.

Cyber insurance is a type of insurance that covers losses resulting from cyber-attacks and other types of cyber threats. These types of attacks can have significant consequences for individuals and organizations, including direct financial losses as well as indirect costs such as lost productivity, reputational damage, and the cost of remediation.

According to some estimates, the cyber insurance market is expected to reach $14.8 billion annually by 2025. This growth is driven, in part, by the increasing number and complexity of cyber threats as well as the increasing recognition of the need for organizations to protect themselves against these threats. Cyber insurance can provide organizations with an important tool for managing the risks associated with cyber threats, and it can help to mitigate the financial impact of a successful attack.

7) Cybercrime is expected to cost the world $30 billion per year by 2025.

It is difficult to predict with certainty what the future cost of cybercrime will be, as it depends on a variety of factors such as the sophistication and prevalence of the attacks, the effectiveness of prevention and detection measures, and the willingness of victims to pay ransoms or lose sensitive data. However, some estimates have suggested that the global cost of cybercrime could reach $30 billion annually by 2025.

There are many reasons why it is important to encourage and support more women to enter and succeed in cybersecurity. For one, increasing the diversity of the cybersecurity workforce can benefit organizations by bringing in a wider range of perspectives and approaches to problem solving, which can help to improve the overall effectiveness of cybersecurity efforts. Additionally, increasing the representation of women in cybersecurity can help to address the shortage of skilled professionals in the field, and it can help to create a more inclusive and welcoming industry for all.

8) By 2025, women are expected to hold 30% of cybersecurity positions globally.

It is likely that the proportion of women working in cybersecurity will continue to increase in the coming years as the field grows and the need for skilled professionals increases.

9) By 2030, 90% of the world’s population aged 6 and up will be online.

According to some estimates, about 90% of the human population aged 6 years and older will be online by 2030. This would represent a significant increase from current levels of internet access, which are estimated to be around 60% of the global population. However, it is important to note that there are still significant disparities in internet access around the world, and many people, particularly in developing countries, do not have access to the internet. Bridging the digital divide and increasing access to the internet for all is an important goal, as it can help to promote education, communication, and economic opportunity for all.

10) The world will need to secure 338 billion lines of new software code in 2025, cyber security

There are several measures that organizations can take to improve the security of their software, including implementing secure coding practices, conducting regular security testing and code reviews, and following established security standards and guidelines. It is also important for organizations to have robust security protocols in place to protect against unauthorized access to their systems and data.