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The fact that businesses struggle with cyberattacks daily is no longer news; however, outfalls from a global pandemic and cybersecurity statistics reveal a huge rise in hacked and incidents from sources that employees increasingly use to carry out their tasks, such as mobile and IoT devices. The rise in cyberattack incidents can be attributed to the increase in the number of people who now have to telework as a result of the COVID-19 pandemic.
Remote working is not completely a new phenomenon; before the outbreak of coronavirus, some organizations had arrangements in which their employees could work from home maybe once a week or thereabout. However, COVID-19 made this a norm rather than an exception.According to Statista, worked from home 5 days or more per week, and this figure rose to 44 percent during the pandemic. When employees were not teleworking, most business transactions are dependent on the internet, and now that they have to remote-work, the dependence on the internet and devices such as iPhones, Androids, iPads, iPods, Macs, Laptops, and Desktops must also increase.Communication is the heartbeat of any organization, and these devices enable employees to be remotely connected. Without mincing words, the reality is that little or nothing can be achieved without these devices.Another unfortunate angle to remote working is that some employees have to rely on public WiFi, which to a large extent is not very reliable. Cybercriminals are very quick to catch in on these lapses, leading to the increase we are seeing in cyberattacks.Why cybercrimes must be of great concern to organizations is that there is no sign of it abating very soon. According to findings from , worldwide cybercrime costs will hit $6 trillion annually, damage costs from ransomware will rise to $20 billion, and any business on the list of these cybercriminals will fall victim to ransomware attacks every 11 seconds by 2021.
The report also says that damage due to cybercrime is estimated to reach the $10.5 trillion mark annually by 2025.These are frightening figures by any standard and organizations ought to do whatever is possible to secure their sensitive information.I. Phishing
Email is still very relevant in the conduct of business and that’s why phishing is probably on the increase as witnessed during the pandemic. Though phishing attacks declined in 2019, they accounted for in 2020. CSO Online also reports that phishing attacks are responsible for more than of reported security incidents.
An employee working remotely can be enticed to click on a link in a text message or an email, hackers then use the medium to steal personal information or to install malware on your smartphone. A phishing attack aims to infect your iPhone with malware with the likelihood of breaching your data.II. Ransomware
Ransomware attacks are becoming more sophisticated and the impact more detrimental on brands. The cost of a ransomware attack on businesses averages . Ransomware detections are more prevalent in countries like the U.S. that have higher numbers of internet-connected populations, U.S. ranks first on the list of countries that suffer ransomware attacks with of all ransomware attacks.2020 came with some shocking ransomware attacks, and they include:The Software AG ransomware attack
Software AG is the second-biggest software company in Germany and also the seventh-largest in Europe, the company suffered an unfortunate cyber threat back in October 2020. The hackers released Clop ransomware and demanded a ransom in exchange for the company’s documents and employees’ personal data.The Sopra Steria ransomware attack
Another organization that was heavily hit by ransomware called was Sopra Steria, a French IT service firm.The Seyfarth Shaw malware attack
Seyfarth Shaw LLP, a leading international legal firm located in Chicago was not left out in a in October 2020. The attack affected their entire email system.Cybersecurity apps
Cybersecurity apps are part of the latest innovation in combating cybercrimes. A cybersecurity app is primarily designed to keep networks, websites, and wireless devices such as iPhones, iPads, Androids, iPods, and Macs secure from would-be hackers and their malice. While measures like VPNs and zero-trust strategy are still very relevant in mitigating cyberattacks, you still need to go the extra mile in ensuring that you safeguard your business and possibly that of your customers from cyber-attack. For this reason, you need to integrate the most effective tools that will enhance threat detection, response, and reporting into your security network.Example:1. Intruder
Taking into consideration that on average, we discover over 8,000 new vulnerabilities in common software and hardware platforms every year, which translates into over 20 every single day, it becomes imperative that there will be apps to help in tackling these problems. The reason is that most businesses don’t have the time and resources to check their systems as often as is necessary.2. Switcherry VPN & WiFi Proxy
is said to be able to operate on a one-touch connection, is a free mode (no ads), will make you private and anonymous on all your devices, can protect your personal data and privacy on public WiFi, and secure your connection from any type of tracking.3. Syxsense secure
is the world’s first IT management and security solution, the app combines vulnerability scanning, patch management, and endpoint security in a single cloud console. The app works for windows, macOS, and Linux. The app simplifies complex IT and security processes with a drag-and-drop interface. Because of its pre-built templates, it can keep your organization secure in the absence of large teams and specialists.