REPORT

2023 Threat Intelligence Forecast

Intelligence-driven cybersecurity predictions, priorities, and recommendations

In this report, you’ll find insights on:

  • Ransomware and digital extortion threats
  • How global events like the war in Ukraine have impacted cybercrime
  • Increased focus on exploiting MFA weaknesses
  • Adaptive social engineering techniques

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In 2022, ZeroFox Intelligence observed a decline in ransomware from its 2021 peak, and while that is a positive change, these threats to organization remain high in 2023. The decline could be due to the impact of geopolitical events such as the war in Ukraine. Limitations impacting access brokers and underground currencies are also likely impacting the overall threat landscape. However, in 2023, we are extremely likely to see adversaries adapt, evolving social engineering tactics and shifting towards private channels to avoid law enforcement intervention. 

Cybercriminal tactics have not seen significant shifts because fundamentally, digital extortion, phishing, and business email compromises continue to be effective. Because of this, we expect to see adversaries deploy these types of attacks in 2023, with increased focus on bypassing traditional security controls. Also, with an increasing convergence between the physical and digital worlds, the risks to businesses and individuals will be greater. Understanding the nuances and evolution among threat actors plays a critical role in defending against targeted attacks.

In this report, we share our forecasts and recommendations to help security teams tackle new, emerging, and evolving threats in 2023 and beyond.

2023 Threat Intelligence Forecast
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