New & Emerging Threats: COVID-19 Cyber Impacts

From large public corporations to small, independent enterprises, COVID-19 has forced businesses to evolve quickly in order to survive. Changes that would normally take months or even years to implement were fast-tracked as commerce moved overwhelmingly online and entire workforces went remote overnight.

This lightening-speed evolution opened the door to cybercriminals, providing a golden opportunity to exploit the millions of newly home-based employees and sudden jump in online commerce. Since the start of the COVID-19 crisis, the World Health Organization reported a fivefold increase in cyberattacks. IBM reports a greater than 6,000 percent increase in coronavirus-themed spam. Yet IBM also estimates 75% of organizations do not have adequate business continuity or disaster recovery plans.

While it is unfortunate that companies face escalated cybersecurity threats when they’re already struggling, it doesn't change the fact that it’s hazardous to be caught off-guard when it comes to cybersecurity. Now is the time for organizations to create emergency response plans in case of cyberattack.

If you’d like to learn more about cybersecurity during COVID-19, along with strategies and suggestions for developing robust protections for your entire organization, access our comprehensive guide.

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