The coronavirus has been proved as a threat to technology and online businesses. It has affected many enterprises— many of which have also reached the shutdown point. Start-ups and medium scale businesses have found it hard to survive amidst COVID-19.
As people were working from home, i.e., using personal networks and systems, cybercriminals were ready with their tools. The cybers attacks have tremendously increased during the spread of coronavirus. The evil hackers found great opportunities in companies' constraints since the advent of the pandemic.
Since the rise of COVID, Ransomware attacks have tremendously increased (up to 47%). As per data, the attacks in the first quarter of 2020 are equal to attacks noticed last year.
The fund transfer frauds have gradually increased during the epidemic. As per reports, a rise of around 35% of fund transfer frauds has been reported. Similarly, around 67% of email attacks have been observed.
When investigated in detail, some major causes were jolted out, such as:
Consequently, the hackers have targeted companies of all groups; small, medium, and even large organizations. Also, it is found that large companies have reported claims 5 times more than the claims observed by the SMEs. The hackers have fraudulent thousands and millions from these helpless organizations.
Keep following ISOEH (www.isoeh.com) to know about the cyber attacks activities around the world.
Stay safe from these cybercriminals!