Cyber Risk and Resilience – Mitigating Risks and Business Impact

Cyber Risk and Resilience - Mitigating Risks and Business ImpactKPMG

Overview: COVID-19 has completely changed the way we work, projects which probably took years have been driven through in weeks. We have seen companies that have taken security risks that they might never have accepted under any other circumstances.
Organised crime groups have been ruthless and entrepreneurial in exploiting fear, uncertainty and doubt over COVID-19. They have been repurposing phishing and attack infrastructure to build COVID-19 fake websites and scams. Nation states themselves have adapted their own cyber espionage tactics.
It has been noted in the recent past that ransomwares are more likely on a network which is connected via end-points of employees who are working from home. Further, the ransomware attack itself has shifted to more targeted and effective exploitation models. With double extortion attacks involving stealing of data which is common and at the same time, greater efforts to locate and encrypt online backups.

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