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FStech: A survey of 1,077 IT business and security decision-makers from the UK and eight other countries, for IT automation and security company Infoblox, found that attempted cyber attacks had risen by 41 per cent as cyber criminals sought to exploit Coronavirus-related disruption.
The Week: Over the last decade, the banking industry has gone through multiple changes structurally and operationally owing to rapid technological advancements. Most banking services and their corresponding back-end operations have now become digital. Along with this digital transformation also rises the challenge of information technology security. The myriad types of cybercrimes such as phishing, stalking, spamming, spoofing, hacking, ransomware attacks, and other physical and digital frauds compel individual banks to secure their network and servers with advanced firewalls.
Dark Reading: While reported breach numbers are down, a handful of "mega" breaches resulted in more data records being exposed than ever before, analysis shows.
IT Pro Portal: Just like coming in contact with a person infected with coronavirus increases the possibility of you getting infected, increasing your digital business presence increases the chances of cyber attackers to target your business; accounting firms are no exception.
Business Computing: The global pandemic has seen a huge rise in people working from home, shopping online, and generally being more digitally connected than ever. There are plenty of good things that have come from this but there is a lot of bad as well. One of the biggest issues is that cyberattacks have skyrocketed during this period, according to MonsterCloud. Cybercriminals have taken this opportunity to up their attacks, both in frequency and scope. Here is what you need to know about the rise in cyberattacks during the COVID-19 pandemic of 2020.
DarkReading: The key commodities prices of oil, grains, sugar, and cotton don't just affect business sectors as they rise and fall with supply and demand: They also drive global trading activity and form the foundation of the world economy. The same applies to cybercrime.
Cyber Defense Magazine: Data is an organization’s most valuable asset, yet data loss is one of the biggest repercussions of a cyber attack. In 2019, more than 15 billion records were exposed in data breaches, amounting to more than $3.5 billion lost to cybercrime.
Help Net Security: An INTERPOL assessment of the impact of COVID-19 on cybercrime has shown a significant target shift from individuals and small businesses to major corporations, governments and critical infrastructure.
Finance Magnates: When it comes to cryptocurrency-related crime, every year seems to have its own particular ‘flavor’. 2018 was the year of massive exchange hacks (remember Coincheck?); 2019 was seasoned with an air of massive ponzi schemes (PlusToken, OneCoin) with a few scandals thrown in the mix (QuadrigaCX, anyone?)
Financial News: Cybersecurity companies are warning that they’ve seen an exponential rise in attempted “phishing”, banking-email compromises, and illegal cryptocurrency mining. And it’s hedge funds that may be most vulnerable.
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