[author: Sam Abadir]
Originally published in NAVEX Global’s Top 10 Risk & Compliance Trends for 2021 eBook. You can download the full eBook here.
The shift to remote work resulting from the COVID pandemic has increased the scope of risk and thus broadened the area of responsibility for risk managers. In addition to complying with regulations, which continue to proliferate, risk is coming from more places than ever before. The work-from-home (WFH) environment offers new opportunities for data breaches, policy violations, audit failures, and third-party risk, just to name a few IT risks resulting from a remote workforce.
This high-risk environment is challenging for compliance and IT professionals, who will have to keep track of more areas of risk in this new WFH environment. Cyber attackers have seized this opportunity and significantly expanded their campaigns at a time when organizations are most vulnerable. It’s likely that the frequency of cyber-attacks, such as phishing attacks on remote workers and attacks on remote physical infrastructure, is likely to increase in 2021, as remote work continues and even becomes the norm for many companies.
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