2023 Data Breach Stats You Need to Know and How to Avoid Being Targeted

The digital landscape has had many IT wins and promises even bigger ones as it continues to evolve. 

On the flip side, cybercriminals and their threats are evolving with it. For everybody with a digital presence to protect, the reward of using tech can only be enjoyed when cybersecurity is within reach. 

The Evolving Landscape Appearance

With the rapid mutation of cyber threats, the concern for business people shifts from protecting themselves to safeguarding against an ever-widening array of sophisticated breaches. 

Modern sophisticated threats include: 

  • Advanced Persistent Threats (APTs): APTs are highly developed and designed to infiltrate a system and use a combination of stealthy techniques to stay there for long periods. 
  • Ransomware and Extortion: Ransomware is malware used to encrypt someone’s data and hold on to it while demanding ransom. 
  • Social Engineering and Phishing: Social engineering relies on using fraudulent emails to manipulate people into revealing confidential information – for example, phishing attacks. 
  • IoT Vulnerabilities: Cyber thieves exploit IoT vulnerabilities, such as weak passwords in connected devices to steal data. 
  • Zero-Day Exploits: Zero-day vulnerabilities are security gaps in software that vendors don’t know about. Cyber thieves exploit these vulnerabilities before they are fixed.  

What Recent Statistics Show 

 According to Forbes:

  • In the last 12 months, 34.5% of executives say cyber thieves targeted their organizations’ accounting and financial data. 
  • 22% experienced one such cyber event, with 12.5% experiencing several.
  • 48.8% of C-suite and other executives expect an increase in cyber events against their accounting and financial data in the next 12 months. 

According to Tech Target:

  • By 2025, a supply chain attack will impact 45% of global organizations.
  • Ethical hackers discovered over 65,000 vulnerabilities in 2022, up 21% from 2021.
  • Current cybersecurity measures are mismatched against the threats. 

Creating a formidable security system is a top priority for every business. 

Automated Certificate Management to Protect Your Business

Security certificates secure every piece of data. Almost every gadget would stop functioning without them, and VPNs would fail to authenticate.

However, every employee in an organization has at least three certificates covering phone, laptop, and user identity. 

You could have thousands if you include an SSL certificate and certificates for IoT devices, DevOps containers, etc. Additionally, these security certificates need renewal; otherwise, systems fail. This extensive use makes manual management impossible.

You could use siloed management tools provided by your SSL certificate authority. 

However, each tool can only manage some certificates issued by that CA. Consequently, you can’t prioritize or manage security risks across all certificates. Moreover, they don’t reveal certificate locations, making tracking difficult. 

Automated certificate management makes management much more manageable and insulates your business from the consequences of certificate outages, such as costly downtime.

Best Practices for Automating Certificate Management

Consider these best practices for automated certificate management:

  • Comprehensive Planning: Assess your PKI environment, identify your needs, and define your automation goals. Additionally, prioritize automation tasks depending on their effect on security. 
  • Centralized Certificate Management: Utilize centralized management tools to make automation enrollment even easier.
  • Lifecycle Automation: Automate certificate issuance, renewal, and revocation through a centralized management tool. 
  • Monitoring and Alerting: Implement automated monitoring systems to track certificate expiration dates, status, and revocation updates.
  • DevOps Integration: Incorporate dynamic secrets management into your DevOps pipelines to automate certificate issuance to protect sensitive information and ensure certificates are issued to the right entities. 

How an SSL Certificate Authority Can Help

The top benefits of PKI management include the following:

  • Enhanced Efficiency. Automation significantly reduces manual effort, saving time and enabling faster and more accurate certificate deployment, renewal, and revocation. 
  • Improved Security. You have fewer chances of human error because automation ensures certificates are correctly issued and revoked on time. 
  • Scalability. Automation helps large organizations handle PKI management efficiently while ensuring consistency in certificate configurations to enhance security.
  • Regulatory Compliance. Automation aligns your systems with current compliance requirements. 

Good certificate managers keep your systems secure and increase site speed while at it. 

Finding the Best Certificate Manager to Help Your Automation Process

Proper PKI management ensures that security certificates provide foolproof data security through encryption. Automation halves the effort to manage them manually and eliminates human error. 

The Sectigo Certificate Manager provides automated TLS certificate management for dealing with modern, sophisticated cyber threats. 

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