In its first annual cyber threats index, Cyber insurer Coalition provided detailed insights on cybersecurity trends and the emerging cyber threats businesses should prepare for in 2023. Read this blog for an overview of additional findings from the threat index.
What is the Cyber Threats Index?
The Cyber Threats Index is an annual report published by Coalition that offers insights into cybersecurity trends for the previous year and identifies emerging cyber threats for the upcoming year. The inaugural report is based on data collected over the last ten years, utilizing information from underwriting, claims, internet scans, and Coalition's global network of honeypot sensors.
What are the key findings from the latest report?
The report highlighted several key findings, including a prediction of over 1,900 new common vulnerabilities and exposures (CVEs) per month in 2023, which represents a 13% increase from 2022. It also noted that most CVEs are exploited within 90 days of public disclosure, with a majority being targeted within the first 30 days. Additionally, 94% of organizations scanned in 2022 had at least one unencrypted service exposed to the internet.
What recommendations does Coalition provide for organizations?
Coalition recommends that IT teams apply updates to public-facing infrastructure and internet-facing software within 30 days of patch releases and follow regular upgrade cycles. These practices can help mitigate vulnerabilities, particularly in older software. They also emphasize the importance of using secure communication protocols and enforcing multifactor authentication to enhance overall security.
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