View: The implications of large-scale remote working and fraud risk management

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The relatively new work-from-home arrangement has exposed organisations to a series of cybersecurity threats and risks. Corporate data can be accessed (via hacking and other means) from laptops and home PCs that may not have the same level of security as in-office setups and, hence, are likely to be more vulnerable to cybercrime.

According to a leading research, 71 percent of technology teams globally reported increased data theft risk, leakage, and breaches brought on by work-from-home. Since the lockdown, the world has observed increased rates of phishing attacks and malicious websites.

A common risk in the work-from-home scenario is that apart from official communication apps installed on endpoint devices, employees have started opting for alternate mediums/channels including web-based collaboration platforms and mobile phone internet calling apps for official communication. These alternate channels of communication, if not aptly governed by an organisation’s IT policy, pose the risk of exposed official communication to external attacks.

Organisations tend to have data protection and cyber security policies in place for employees who are virtually connected to…

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