Why COVID has Increased Cyber Security Breaches 

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Since the start of the pandemic, a 300% increase in cybercrime has been reported by the FBI

In the wake of COVID-19, many employers were abruptly forced to implement remote work as a way to protect their employees. 

Little did they know, however, that protecting employees meant sacrificing cyber security.

In the first half of 2020 alone, 36 billion records were exposed due to data breaches, with the average cost of each breach being $3.86 million

The swift rise of cloud-based platforms and remote work has created a gold mine for hackers. 52% of remote legal and compliance leaders report feeling concerned about cyber risks while working from home now. 

Cloud-based cyber attacks also increased by 620% from January – April of last year. And thanks to 5G increasing the bandwidth of connected devices, IoT devices are becoming more susceptible to cyber attacks than ever before.

In this second installment of our Cyber Security Awareness Month series, we’re going to take a look at the severe impacts that COVID-19 has had on cyber security breaches and how to recognize the warning signs that your business may be at risk.

Identifying your security weak spots

Did you know that 95% of cybersecurity breaches are a result of human error

Many companies were already struggling to protect their data before COVID-19 came into play. Unfortunately, several businesses still don’t regularly update their software or even know how to recognize a phishing attack.

Now that employees are often working from home, it’s more important than ever to stay diligent in protecting your business’ data and accounts

Some of the easiest ways for hackers to infiltrate your accounts include weak passwords and public wifi. Make sure that all your employees are using strong passwords and VPNs when working remotely.

A VPN is a “Virtual Private Network” that prevents hackers from accessing sensitive company files. It is used to create a private network when using public internet connection.

VPNs help keep employees connected to your network securely, regardless of their location. This is particularly useful if your business relies on cloud storage, as it ensures you always have access to your files even when you don’t have secure wifi or connectivity.

Even if someone doesn’t work from home every day, it’s good practice to remind them to keep their work and personal devices separate. By making security a priority, investing in proper training, and taking all necessary precautions, you can have peace of mind that your data will be safe despite the rising numbers of cyber crimes.

If you’ve got concerns about the security of your website, contact Bizzuka. We’ll help you evaluate your environment, and if we can’t help you, we have partners we can connect you with that can.