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Stay up to date on the latest security threats your business faces and get tips on how to stay protected and informed.
The COVID-19 pandemic caught everybody unawares. Several businesses were forced to scale down operations or shut down altogether. Those that managed to maintain some semblance of normalcy had to make several rapid, unfamiliar changes, especially on the digital front.
To ensure business continuity, most organizations implemented new operating models and deployed several technologies without proper planning. Some of these changes resulted in increased risk levels by broadening attack surfaces.
According to a recent study by Tanium, over 90% of organizations globally experienced an increase in cyberattacks and attempted breaches due to the Coronavirus pandemic. In the first quarter of 2020 alone, the FBI’s Internet Crime Complaint Center (IC3) recorded a spike in daily cybercrime reports from 1,000 to 4,000. This trend is likely to continue even beyond 2021, and here’s why:
To sustain normal operations without contradicting the government’s social distancing requirements, businesses allowed most of their staff to operate from home. This means that employees have had to carry corporate gadgets to less secure home-office environments. With several devices connecting to your organization’s network from multiple locations miles away, it’s almost impossible to monitor all of them and prevent unauthorized access. Besides, this broadens the playground for hackers, creating some ‘hackers paradise.’
In some cases, businesses had to allow employees to use personal devices for remote work. These gadgets usually do not have the same cybersecurity features as your corporate devices, making them far easier to compromise. Connecting them to your system, therefore, exposes you to more threats.
The pandemic has lead to the scaling down of operations, and consequently, a reduction in revenue generation for almost every business. As a result, organizations had to cut down on costs in areas like cybersecurity that have no direct impact on production. This meant abandoning some plans meant to enhance your cybersecurity posture in 2021 and beyond, hence making you more vulnerable.
Scammers never waste crises. They always align their campaigns to take advantage of ongoing pandemics, and COVID-19 is not any different. Here are some common phishing scams during the Coronavirus period:
The COVID-19 pandemic caught everybody unawares. Therefore, businesses had to make several on-the-spot changes to survive. Most of the technologies were implemented in a rush without forecasting their ramifications. This resulted in half-baked operating models with several backdoors, leaving corporate networks more vulnerable to hacks.
If there’s a lesson you can draw from the COVID-19 pandemic and related cyberattacks, then it’s that cybersecurity begins with the basics:
LeadingIT offers 24/7, all-inclusive, fast, and friendly technology and cybersecurity support for nonprofits, manufacturers, schools, accounting firms, religious organizations, government, and law offices with 10-200 employees across the Chicagoland area.
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