Tag Archive: COVID-19

Coronavirus-Themed Cyberattacks To Watch Out For

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Published 05/06/2020

The novel coronavirus isn’t the only plague affecting businesses. Cyberattacks are spreading, too, as malicious actors take advantage of interest in COVID-19 news and coronavirus fears to trick people into clicking on phony links and attachments in social engineering and phishing scams. The U.S. Department of Homeland Security’s Cybersecurity & Infrastructure Security Agency (CISA) and the United Kingdom’s National Cyber Security Centre (NCSC) warned of a surge in cybercrime attempts in an April 8 joint statement. According to the agencies, these hackers’ phishing emails and social media posts purport to offer information about the virus—but the links and attachments they contain, when opened, install malware or ransomware. Malicious actors aim to gain access to systems and information or even to…

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7 Pandemic Risk Management Tips to Implement Now

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Published 05/04/2020

As COVID-19 continues to spread worldwide, not only disrupting health and life but also business continuity up and down the supply chain, economic and cyber risk have taken on pandemic proportions, as well. Many enterprises are struggling just to keep essential services functioning as they send employees home to work with new, hastily procured technologies. At the same time, they’re battling a surge in cybercrime by threat actors seeking to take advantage of the chaos. Risk management right now can feel, to these organizations, like a frantic game of whack-a-mole: mitigate one risk, and another pops up. Add in the wild fluctuations in financial markets the pandemic has caused, and organizations in almost every sector—health care, banking, education, and more—find…

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What Compliance Lessons Can We Learn From Past Pandemics?

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Published 04/29/2020

COVID-19 has us reeling from health, social, and economic shocks, but this isn’t our first global crisis. It is, however, the first in which cybercrime plays a starring role. The world has faced several pandemics in the past 100 years—several influenza pandemics including swine flu (H1N1) and Avian, or bird, flu, and HIV/AIDS—as well as economic depression and a number of recessions. Life and business tend to suffer disruptions during crises, but at least one thing holds true: the need to comply with laws, regulations, and industry standards. This time, though, compliance is different. Regulations addressing cybersecurity and data privacy are now in the mix, and the rapid shift to work-at-home, telemedicine, and digitization of operational and consumer services have…

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COVID-19: Response and Preparedness through the lens of Risk Management

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Published 03/23/2020

Responding to a New, Global Threat The old adage warns “An ounce of prevention is worth a pound of cure.” The saying becomes even more pointed for threats that, unfortunately, do not yet have a cure. But the lessons of risk management offer a path forward, where prevention takes the form of avoiding, mitigating or reducing risks. As people and organizations confront COVID-19, the novel threat has inspired an array of new strategies to combat the pandemic. Social distancing, self-isolation, sheltering in place—efforts to stop the COVID-19’s spread leverage risk management principles to fight a public health threat. Applying Risk Management Principles During the COVID-19 Pandemic Some businesses have mature risk management programs and apply its principles to any new…

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