EXECUTIVE SUMMARY:

Since January 1st, the US Federal Trade Commission has received at least 7,283 complaints concerning coronavirus-themed scams.

“Our fears become their business opportunity,” stated European Commission President, Ursula von der Leyen.

Across the globe, door-to-door scam artists have attempted to con vulnerable people into letting them into their homes. Other scam artists prefer to lure victims with phishing attacks, which have seen a 667% spike since the emergence of the coronavirus.

And, well-organized cyber criminal groups that typically pursue more sophisticated attacks may still be waiting in the wings. These industrious hacker groups could take advantage of the chaos to quietly invade networks, stealthily searching for bank account numbers, trade secrets, or other valuable pieces of information.

The damage from the coronavirus-related breaches may not become apparent for weeks, months or even longer lengths of time. Some hackers sit on records for years before dumping them on the dark web, or publishing them elsewhere.

“My suspicion is we’re going to see a big uptick in terms of the amount of data on these public, information-sharing sites that shows up on the dark web,” says one expert.

Before it’s too late, ensure that your systems are secure. The precautions that you take today could save your enterprise tomorrow. Consider new methodologies that can keep you and your community or organization cyber safe.

For more on this story, visit The Wall Street Journal.