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Key Cyber Security Threats Businesses Need to Be Prepared for in 2023

In the modern era, every business relies on some form of online presence and communication to reach customers. As a result, it’s more important than ever for companies to be aware of the cyber security threats that could potentially jeopardize their operations. In fact, cybercrime is expected to cost businesses $10.5 trillion by 2025.  

This article will look at some of the critical cyber security threats businesses need to be prepared for in 2023. By being aware of these threats, you can take steps to protect your business from them and ensure that your data is safe. 

At the end of the article, we’ll touch on the two most significant ways to protect your business from cyber threats.  

Social engineering 

Social engineering is one of the most common and effective ways for attackers to access sensitive information. An attacker uses psychological manipulation to trick people into revealing confidential information or granting them access to systems.  

Attackers will often pose as someone else, such as a customer or employee, in order to gain their victim’s trust. They may also use pressure tactics or exploit the natural human tendency to want to help others. 

Phishing is a common type of social engineering. The attacker sends an email that appears to be from a legitimate source, such as a bank, online retailer, or even someone within your business. The email often contains a link that takes the victim to a spoofed website where they’re asked to enter sensitive information, such as login credentials or credit card numbers.  


A botnet is a network of infected devices, known as bots, that can be controlled remotely by an attacker. The attacker uses the botnet to carry out various malicious activities, such as launching distributed denial of service (DDoS) attacks, stealing sensitive data, or sending spam emails. Botnets can be very difficult to detect and remove, as the infected devices are often located in different parts of the world. 

Cross-site scripting (XSS) 

Cross-site scripting (XSS) allows an attacker to inject malicious code into a web page. When someone visits the infected web page, the malicious code is executed in their browser. The code can carry out various actions, such as stealing sensitive data or redirecting the user to a malicious website. XSS attacks will likely be used alongside phishing attacks through 2023 and beyond.  

Protect your business and customer data 

User awareness is the first way to protect your business from cyber threats. It doesn’t cost anything and is easy to implement. 

Your employees are the first line of defense against cyber attacks, so educating them on the potential dangers is essential. Finally, preparing for cyber threats is crucial, even if you don’t expect them to affect your business. 

We understand that your company’s cyber security and your customers’ data is paramount. I-VisioNET can assist your company in implementing stronger cybersecurity standards and becoming compliant to NIST-800-171 and CMMC 2.0. 

Investing in an excellent cybersecurity solution is the second way to protect your business. You can reach out to us for cyber security solutions or browse our services. A good solution will protect your data, applications, devices, employees, and customers from cyber threats.