COVID-19 seriously affected the development of global economies. The unexpected interruption of regular activities changed the working methodology of businesses, bringing new cyber risks to the table. The pandemic led companies to make abrupt changes where the struggle to maintain their stability and their security became one the most important concerns.
The effect of the pandemic is still ongoing, and nobody knows when it will end. While many leaders face significant challenges, trying to remain resilient in the face of financial and operational pressure brought with the pandemic, others are still waiting and wondering if or when will we return to the old normality. Is this a possibility?
It is well known that the operational and financial stability of companies is at stake, but many are unaware that their security and integrity are also at risk. Without proper management and protocols, cybersecurity attacks could harm businesses financially and operationally. Looking at it that way, cybersecurity should be considered important or more important than other projects.
The pandemic arrived from the first quarter of the year, transforming all aspects of our daily lives. Home office became the new custom, online shopping became in some cases the only viable option; E-commerce increased like never before and so did the consumption of video games, series and video conferences. The awareness of how vulnerable people and companies were becoming due to abrupt digital changes did not stop the cybercrime, on the contrary, the vulnerability displayed was the access window that the attacker had long waited to increase their targets and perpetrate their crimes.
Companies now more than ever must understand the importance of protecting and managing the integrity of their data, networks, systems, and devices to avoid hacks, process disruptions, information theft, etc. It's not about if it happens, but when.
Home office increased the vulnerabilities of companies, as well as the rapid migration to the cloud, which generated various configuration errors that turn out to be the main cause of cyberattacks, without having to be very complex. Cyber education is essential in the COVID-19 business environment to prevent employees from falling victims while working at home and at the office.
Here are some interesting facts from the latest reports that everyone should know until the course of November of this year (2020). Take note:
The FBI suggests that some of these crimes may be motivated by belligerent foreign actors. Even so, old scam tactics continue to be used amid this pandemic. Recently it was discovered that malicious actors used fake quotes from the British Royal Family to bring victims.
To make the deceptions more convincing, cybercriminals study the websites and social media behavior of their victims' employees, making it easier to compromise the integrity of company data and impacting the employment and legal status of those involved. In a health emergency like this, attackers’ prey on fear to run scams, while people search for symptoms, meanings, and covid-19 on diverse search engines.
Recommendations for business users and in general
At THETA432, we understand how difficult things got during COVID-19. Our team of experts is here to respond and look over you. Whether you are looking for embedded analysts with deep understanding of intrusion analysis to help contain an incident, or a full team with various specialties, we provide a full suite of ongoing cyber defense services, and offer one of the most comprehensive incident response services, bringing deep visibility into intrusions.
What are you waiting for? Get to know us or request a demo and see how we can strengthen your protocols and keep you safe from attacks and threats.
Jorge Daniel Tejeda