In 2023, the threat of cyberattacks in Indonesia will become increasingly complex. According to the National Cyber and Crypto Agency (BSSN), there were 361 million traffic anomalies or domestic cyberattacks from January 1 to October 26, 2023. The top three types of attacks include malware (42.79 percent), Trojan activity (35.40 percent), and information leakage (9.35 percent).  

The impact of cyberattacks is not limited to the number of incidents, but also carries the potential for significant losses such as reputational damage, financial decline, intellectual property theft, and decreased public trust. Therefore, what are the predictions for cyberattacks in the coming year, and what strategies can be adopted to deal with them? Find the answer in the following statement. 

How Will Cyber Attacks Evolve in the Year Ahead?   

Trellix Advanced Research Center recently released its 2024 Threat Predictions report, which highlights the trends, tactics, and cyber threats expected to emerge in the coming year. According to the predictions, ransomware remains a serious challenge, with malware capabilities continuing to grow in both size and complexity.  

This is exacerbated by threat actors collaborating on more sophisticated tactics. According to the report, cybercriminals are likely to use social approaches to manipulate individuals into "voluntarily" sharing their personal information. This will certainly make it more difficult for victims and security tools to identify them.  

In addition, the report notes that AI-based cyber threats are expected to emerge along with the development of Large Language Models (LLMs). While these AI technologies have far-reaching benefits, there are potential risks if they are used for malicious purposes, such as spreading misinformation or launching cyberattacks.  

Meanwhile, cybercriminals continue to develop new tactics to find and exploit vulnerabilities in systems to facilitate their crimes. 

The Impact of Cyber Attacks on Business Continuity

 

Cyberattacks can have a negative and significant impact on business continuity. The perceived impact can vary depending on the type of attack, the size of the organization, and the industry. More complex and widespread cyberattacks can cause more serious damage to an organization. Here are some of the business continuity impacts of cyberattacks.   

Financial Loss

Cyberattacks can certainly cause financial loss to organizations in a variety of ways, including the cost of repairing and restoring damaged systems, the cost of ransoming the perpetrators, the cost of litigation, and lost revenue due to operational disruption.  

Operational Disruption

When a cyberattack occurs, businesses will inevitably close temporarily or even permanently, resulting in reduced productivity and service quality.  

Reputational Damage and Loss of Customer Confidence  

When a company suffers a cyberattack, customers, investors, and partners may lose confidence in the company. This can certainly lead to a decrease in sales and revenue.  

To strengthen an organization's defenses against growing cyber threats, the Virtus Team recommends a robust defense strategy that incorporates superior solutions: Palo Alto Networks' Cortex Xpanse, Micro Focus (OpenText) Voltage Fusion, and Dell Technologies' CRS Isolated Recovery Solution. This combined formula can effectively combat cyberattacks and ensure seamless data protection and recovery. 

Anti-Cybercrime Formula from Palo Alto, Micro Focus, and Dell 

Cortex Xpanse from Palo Alto Networks: Strengthening the Digital Perimeter  

Palo Alto's Cortex Xpanse acts as the first line of defense, strengthening the digital perimeter against cyber threats. It uses advanced intelligence and automation to detect and thwart potential attacks before they damage the network. Key features include   

  • Real-time Visibility  

Provides real-time visibility into the attack surface, including assets, devices, and vulnerabilities. 

  • Proactive Threat Intelligence  

Proactively identifies and assesses potential threats, enabling organizations to remain vigilant against cyberattacks.  

  • Automated Remediation  

Provides automated remediation recommendations that enable security teams to take fast, informed action against emerging vulnerabilities. 

Voltage Fusion from Micro Focus (OpenText): Data Protection and Masking

Voltage Fusion from Micro Focus (OpenText) plays an important role in protecting sensitive information with advanced encryption techniques. With data masking, this solution goes beyond traditional encryption to ensure that exposed data remains unreadable. Key features include  

  • Advanced Encryption Techniques  

Provides a high level of security for sensitive information.  

  • Data Masking  

Hides sensitive information and provides an additional layer of defense in the event of a data breach.  

  • Comprehensive Data Security Suite  

Provides a range of data security solutions, including encryption, tokenization, and secure file sharing. 

Dell PowerProtect Cyber Recovery, CRS Isolated Recovery Solution: Robust Data Recovery

Dell CRS Isolated Recovery Solution, part of Dell PowerProtect Cyber Recovery, is a comprehensive approach to data recovery. In the event of a cyber-attack or data loss, this solution ensures a fast and isolated recovery process. Key features include  

  • Isolated Data Recovery  

Ensures that critical data can be recovered without compromising the entire system.  

  • Secure Data Storage  

Create a secure data storage area to protect critical data and maintain overall system integrity.  

  • Business Continuity Planning  

Equipped with effective business continuity planning tools and processes that ensure the organization can quickly recover and resume normal operations. 

Read more: Here’s The Reason Data Security Should Be a Top Business Priority 

Build Your Enterprise Cybersecurity Strategy with Team Virtus 

Combat cyber threats with a robust cybersecurity formula that combines the Cortex Xpanse solution from Palo Alto Networks, Voltage Fusion from Micro Focus (OpenText), and Isolated Recovery Solution from CRS Dell Technologies.   

As an authorized partner of Palo Alto Networks, Micro Focus (OpenText), and Dell Technologies, Virtus Technology Indonesia (VTI) is ready to help you address business security and other digital challenges. With a competent and certified IT team, VTI will help you implement these three solutions.   

Don't hesitate to discuss your business IT needs with us now! For more information, contact our team by clicking here.    

Author: Wilsa Azmalia Putri   

Content Writer CTI Group