While most of society struggles to flatten the curve, treat the sick and restart the economy, regrettably, some bad actors have used the COVID-19 emergency as an opportunity to exploit vulnerabilities for personal gain. One of the key areas of increased exposure is cybersecurity. Companies should review their risk management and insurance arrangements now to ensure that they are properly protected in the event they become the target of cyber crime.
The rapid and unexpected onset of the coronavirus pandemic resulted in massive changes in the way we do business. The transition from secure office infrastructure to working from home on personal devices and home networks took place almost overnight, leaving gaps in data security. Add public anxiety over coronavirus health concerns and economic hardship, and it is difficult to imagine a more perfect storm of cyber risk.
Scammers have impersonated the U.S. Centers for Disease Control and Prevention, the World Health Organization and other health authorities. A Johns Hopkins coronavirus data map was used to divert users to malicious websites. Phishers are using coronavirus themes, such as governmental loan programs and fake charities,…
