The World Economic Forum recently debuted its latest Global Risks report, which included cybersecurity as one of its “Top 10 Fallout” issues from COVID-19. This comes as little surprise following the fivefold increase in cyber attacks reported by the World Health Organization. What does stand out is the WEF’s Global Risk report tends to focus on global macro issues, and we see the inclusion of cybersecurity in the report as confirmation of its status as a pervasive, global threat with significant growth prospects ahead.
Nearly 38 percent of those surveyed say changing work patterns will lead to increases in cybersecurity and fraud incidents.
“The constant flow of information on the virus, accompanied by fear, confusion and even the boredom of confinement, have multiplied opportunities for cybercriminals to deliver malware, ransomware and phishing scams,” said Algirde Pipikaite, the WEF’s project lead in its Center for Cybersecurity.
Pipikaite added that the corporate digital infrastructure that normally protects most organizations with multiple layers of security has become much tougher to manage while the majority of employees work from home