Rise of Cyber Crime during COVID 19

Many people’s everyday activities have shifted to their homes during the pandemic. Consumers use the Net for various reasons, such as job, school, buying, enjoyment, and doctor’s appointments, including those with psychiatrists. At the same time, cybercrime is on the rise all around the globe. The growing use of the Internet, social consequences of the epidemic, how cybercrime is growing are all explored in this comprehensive overview.

The epidemic has a significant impact on how people utilize the Internet. Everyday activities such as work, school, shopping, health appointments, and leisure are now performed by a huge number of participants at home through the Internet. As people spend more time online, cybercrime has exploded. Psychiatry is concerned about this because the human factor is an important part of cyber security.

A simultaneous warning from security officials in the United States and the United Kingdom, as well as a report from Interpol, emphasized the rise in cybercrime. According to the FBI, the number of cybercrime reports from January to the end of May 2020 was roughly identical to that of the full year of 2019. Medium and big organizations, institutions, and organizations are all cybercrime targets, which have far-reaching and lengthy consequences.

Cybercrime was recognized as a huge global issue since before the epidemic. Cybercrime cost the economy $600 billion in 2018, according to estimates, and 2 billion person’s private information was stolen or exposed.

Why do cybercriminals do it?

Criminals may be attempting to capture important details such as financial credentials by using a link to a fraudulent bank website. Another example is when a piece of program termed ransom ware is downloaded, the device’s data is encrypted, and a ransom is demanded to unlock it. Also worth noticing is the emergence of retailer sites that sell out-of-stock items like a mask or hydroethanolic gel without delivering them.
Aside from the frustration of having paid for something that will never be provided, consumers risk having their bank information stolen.

Impact of COVID-19 on digital working and cyber security:

Government limitations established in reaction to the coronavirus pandemic have pushed people to operate from home or even to “remain at home.” As a result, technology has grown in importance in both our professional and personal life. Although the increased demand for tech, many companies still cannot provide a ‘cyber-safe remote workplace. Whereas most meetings used to be held in person, they are now mostly held online.

Are businesses prepared for the new cyber security risks?

Several small and medium enterprises are facing issues due to working remotely: they are not adequately equipped for the rise in complex cyber-attacks, and significant improvement is required to enhance cyber security consciousness.
Some organizations were against enabling virtual operating before the epidemic, specifically when it comes to retrieving confidential information (e.g., banking client personal data). Organizations had to expand their infrastructure and abilities for working remotely in a short period. Consequently, when working remotely, options were quickly deployed; cyber security may not have been a top consideration.

The cyber threat:

The cyber threat landscape includes a wide range of threats:

People who work from residence are more likely to commit fraud or other illegal acts since they have less monitoring and technical restrictions.

Cybercriminals realize that present data security procedures aren’t “fit for purpose” or “strong enough” to stop them from launching effective cyber-attacks.

Hacktivists’ actions are increasing the cyber security risks.

Scripting hackers are putting cyber-attack kits through their paces on a range of organizations while developing their abilities.

How companies and employees can increase cyber security?

Workers who work from the residence on their laptops (or even those who use a company-owned device) must follow basic cyber hygiene guidelines. These are some of them:

Antivirus protection: Antivirus and malware software licenses must be given to workers for usage on their laptops. While this will not give foolproof security, it does stop a lot of low-level threats.

Cyber security awareness: Recommended principles and methods for regulating the forwarding of emails or other material to personal email addresses or data warehouse should be presented to employees.

Phishing awareness: When getting emails, workers should be cautious and double-check the recipient’s identity for validity.
Home network security: Workers need to make sure that their personal Wi-Fi is highly secured.

Use a VPN: VPN provides an additional layer of security for online use at homes. They cannot be depended on to avoid cyber-attack on their own, and they can serve as an effective deterrent. Organizations can use a few common security tactics.

Identify weak spots: Every information technology system has flaws. Organizations should conduct testing to discover weaknesses and repair the most serious ones as soon as possible.

Testing of technological network elements should also be carried out.

How can you stay safe while online at home?

People can obtain several pretty basic measures to improve the security of their personal computers.
Please ensure all of your software is up to date in minimizing computer hacking.
Installing a firewall is another step that any average user can take. The firewall’s priority is to keep unauthorized people from contacting or entering the computer. A firewall, on the other hand, does not eliminate anything that is already present on the computer or network. Malicious code that gets past the firewall undiscovered necessitates the use of antivirus protection.
Unrequested links in email or other contact forms should not be clicked because they are most likely illegal. If you have any doubts, check with the source before utilizing the information given.

Conclusion:

Normally administrative panel conferences include a discussion on cyber security, but considering the rising concerns during the pandemic, it may be given special focus. In the middle of the coronavirus’s current phase and concern about a possible another wave, businesses should be effective in identifying risks, planning measures to stop effective cyber-attacks instead of reacting when they do. Although prevention measures are crucial, cyber-attack monitoring, reaction, and recovery skills are also required.