Centrify released new research that found nearly half of IT decision makers' companies had to accelerate their cloud migration plans (48%) and IT modernization overall (49%) during the COVID-19 pandemic.
How are threat actors so successful? They gather breached data and information from open sources – think social media profiles or even voting records – to build digital profiles of individuals with just a few clicks. This can then lead to, among other attacks, phishing scams such as business email compromise, potentially inflicting a significant financial toll on an organization.
Much like the long-standing debate around 5G, President Trump’s recent decision to sign an executive order that may see TikTok and WeChat banned, and has now evolved into a bidding war for TikTok’s U.S. operations with Oracle leading as the potential winner, has brought the world’s attention to the inherent security challenges that complex global digital communications and connectivity present.
To better regulate the use of personal data and protect citizens, the European Union adopted the General Data Protection Regulation (GDPR), which came into force on 25 May 2018. In the UK, the GDPR is tailored by the Data Protection Act 2018. Non-EU businesses with offices in Europe, or who hold or process data coming from Europe, also need to be fully appraised of GDPR.
The digital revolution has made it easier for companies to collect insights on their markets to better understand their clientele's behavior. But it has also paved the way for potential abuses, creating a climate of suspicion. How can AI earn the public’s trust?
Criminals are leveraging elevated interest in COVID-19 to send emails to unsuspecting people to infect computers with ransomware, malware or other computer viruses. And why not? According to Forbes, the COVID-19 crisis has turned the U.S. workforce into a work-from-home army, giving cybercriminals new, less secure, access points for cyber viruses and phishing attacks, revealing vulnerabilities in cybersecurity strategies for the coronavirus crisis. And since there’s a tremendous curiosity for coronavirus information — people are more likely to click without checking the credibility of the source.
One thing has become clear; to abide by the “new normal” restrictions, organizations need to be constantly aware of their environments’ compliance, in real-time. To do that, they need to improve their security and situational awareness, so they can quickly assess evolving situations and respond when violations occur.
It is well known that today we live in an unprecedented time with rampant cybercrime. And now that the COVID-19 pandemic has created unparalleled challenges including worldwide unemployment and a massive financial crisis, ironically one of the industries that has flourished is the $5.2 trillion economy of cybercrime.