From less than 5,000 phishing attacks related to COVID-19 in February, the number spiked to over 200,000 towards the end of April 2020.
It is not an overstatement to say that the pandemic has fueled unprecedented cyberattacks since the beginning of 2020.
The report from Check Point indicated that: email attack vectors dominated web attack vectors ; excel files rank top as most malicious files across the web , followed by email ; over 20 per cent of the cyberattacks explored vulnerabilities that are up to seven years old; and 20 per cent of cyberattacks carried out globally are crypto attacks.
As cybercriminals continue to exploit the loopholes created by the COVID-19 pandemic, the generality of the world’s workforce is adapting to these unprecedented changes. With the new practice of social distancing, a significant number of the corporate workforce has adopted the remote working model. Companies are now looking into deploying collaborative software, while implementing a VPN infrastructure.
One of the fastest ways in which hackers exploit their target is via social engineering attacks. From this point of view, panic has been a medium for hackers to capitalise on this situation. The majority of phishing attacks recorded during this pandemic has been on medical supply manufacturers and hospitals. Hackers leveraged the shortage of medical supplies, wrapped around fear and misinformation.
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