Miriam Wugmeister, Mike Burshteyn, and Taj Moore authored an article for Financier Worldwide about the rise in ransomware attacks and other malicious cyber activity over the past year as cyber criminals exploit the vulnerabilities presented by distributed work models.
“Ransomware has taken center stage in the remote-work era, as several prominent ransomware threat actors expanded their presence and activities,” the authors wrote. “Social engineering attacks are also on the rise and are more likely to be effective given current conditions. Previously, if an employee received a suspicious email, he or she might have been able to quickly walk down the hallway and check with the chief financial officer before authorizing a disbursement to a new vendor or bank, but that is no longer possible. Employees cannot easily have the short clarifying conversations that could avert a cyber incident. Instead, many are making decisions in isolation and without the same level of access to IT or security teams.”
Read the full article.