Coalition predicts high cyber risks in 2023

Cyber insurance specialist Coalition has warned that 2023 is likely to see more cyber vulnerabilities than the market saw in 2022.

Coalition is forecasting predicts than 1,900 new Common Vulnerabilities and Exposures (CVEs) per month in 2023, including 270 high-severity and 155 critical-severity vulnerabilities.

This represents a 13% increase in average monthly CVEs from published 2022 levels.

“Cybersecurity professionals must be more alert than ever to vulnerabilities that already exist within their networks and assets,” said Tiago Henriques, Coalition’s vice president of security research. “Attackers are becoming increasingly sophisticated and have become experts at exploiting commonly used systems and technologies.”

He continued: “Organizations must ensure they use secure communication protocols to access their data and that those services have enforced multifactor authentication. Taking steps like these to improve your basic security hygiene is crucial to improving your overall defence posture.”

Coalition said that Remote Desktop Protocol (RDP) remains cyber-attackers’ most commonly scanned protocol, meaning they still leverage old protocols with new vulnerabilities to gain access to systems.

Coalition compiled its 2023 Cyber Threat Index based on critical information gathered from its active risk management and reduction technology that combines data from underwriting and claims, internet scans, and Coalition’s global network of honeypot sensors.