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COVID-19 Cybercrime Costing Millions.

Posted by Mike Pape - 18 May, 2020

COVID-19 Cybercrime is increasing – FAST

By now, many organizations are well aware of the increase in cybercrime since the COVID-19 pandemic began. The number of phishing scams have soared, popular virtual meeting platforms (like Zoom) have endured cybersecurity shortcomings, and many more.

A report by the US Federal Bureau of Investigation (FBI) has quantified the increase in cyberattacks, detailing that the number of reported cybersecurity complaints have increased by more than 4,000 since the pandemic began. The information comes as tech platforms have similarly quantified cyber threats related to their platforms. Google says that it’s blocking 18 million COVID-19 phishing scams each day, and the US Federal Trade Commission (FTC) has recorded 18,257 fraud complaints related to the Coronavirus, collectively causing $13.44 million in losses.

These numbers are a reminder that companies need to remain vigilant about addressing the most pressing threats, especially phishing scams, during the pandemic. However, agencies are also speculating that the significant uptick in cybercrime could be the result of a yet undisclosed data breach, which means that companies need visibility into the Dark Web where stolen credentials or other information could be used in upcoming attacks.

What to consider? Train, train, train your employees on phishing with a Security Awareness Training product – and monitor the Dark Web for stolen credentials.

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Topics: cybersecurity, Thisweakonsecurity

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