The pandemic has significantly altered the cyber-risk landscape, amplifying existing issues and posing new challenges for re/insurers. Ahead of an Intelligent Insurer webinar on the topic, Darren Thomson, head of cyber security strategy at CyberCube, discusses the challenges and opportunities faced by the industry.
The COVID-19 pandemic has forced organisations to adopt new models of working, with a strong focus on working from home. This has led to a significant increase in cyber-attacks.
From vulnerabilities in the virtual private network (VPN) servers that employees use to access work files and applications to a delayed response from security teams that are also working remotely, there are numerous ways in which organisations’ online security is being challenged.
Besides the issues around working from home, there has been a spike in opportunistic phishing and ransomware attacks as attackers use COVID-19 as bait to impersonate brands and other organisations.
COVID-19, cyber, risk, pandemic, webinar, CyberCube, insurance, Darren Thomson, phishing, ransomware attacks, re/insurers, virtual private network, market