Cybersecurity and COVID-19: Opportunities for change in the face of challenge
COVID-19 is not the first and will not be the last pandemic, but it is the first one that has brought the importance of cyber resilience and adaptability in the era of global trade to the forefront of many businesses' minds.
Many businesses have been understandably focused on continuing to trade. While this is obviously a critical concern there could be a risk that it distracts from ensuring that appropriate security measures are put in place to protect personal and commercially sensitive data. The National Cyber Security Centre (NCSC) report that malicious actors across the globe are already trying to capitalise.
In the UK, the National Fraud Intelligence Bureau (NFIB) has identified multiple reports of fraud involving coronavirus links to date, with losses to victims totalling close to £1m. This is likely the tip of the iceberg both because victims are not obliged to report to NFIB and because the UK has only experienced the first few weeks of what is predicted to be a significant period of disruption.
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