Covid 19 has impacted all of our lives over the last 2 years. It has impacted many aspects of life around the world and cybercrime is no exception to this.
Cyber criminal have used this to their advantage and have come up with new schemes and hacks to profit off the Covid 19 pandemic.
Opportunist tactics
A key element to take into consideration over recent months is, of course, COVID-19. Cyber criminals are continuing to target business sectors, with a lot of focus on financial sectors, during the ongoing pandemic.
Shift away from traditional protection mechanisms
As a result, we have seen a spike in attacks on banks, financial organisations and the third parties connected to them. There has also been an increase in attacks to people and companies overall worldwide. The 2020 Phishing Attack Landscape Report, commissioned by GreatHorn, reported that 56% of companies surveyed reported increased phishing attempts specifically related to Covid-19.
Before COVID-19, if an attacker wanted to sabotage a company or steal data, they would target the business itself. The website, the social accounts, the logins and all their vulnerabilities. In response, organisations had parameters set up for this. But now, you just need to target a single remote worker.
As the majority of business transactions move to people based outside the organisations buildings, defenders have to now protect at the endpoint rather than behind company firewalls.
