Cyber crime in India: COVID19

The COVID 19 virus has affected most countries in the world.  Security of companies is at stake as all data such as financial information, trade secrets, customer information and such other confidential information of the company is accessible to the employees from their homes with a click of a button. It is essential for employees to take utmost care of the company’s data and secure it from other members of the family and friends in order to avoid misuse of data or breach of confidential information. Apart from company’s information, personal sensitive information and financial information of an individual is also at risk in view of the increase in the Cyber Attacks.

Cyber-crime against children spikes amid stay-at-home orders

The sudden shift to remote work has forced millions of individuals and families to set aside their daily routines and quickly adapt to self-isolating measures to stay safe amid the pandemic

While social distancing helped us flatten the curve, the unprecedented spike in online consumption has opened new doors of exploitation for adults and children alike.

Adults are not the only ones susceptible to the dangers of online exposure. During the stay-at-home orders, millions of children have stored away their backpacks and school gear, participating in online courses along with their teachers and classmates.

Coronavirus Lessons To Help Fight Cyber Crime

The benefits of good personal hygiene, like washing your hands, have been taught to all of us since we were in kindergarten.

Over the past two decades, the cybersecurity industry has often proclaimed the benefits of good “cyber hygiene.” Borrowing ideas from doctor’s office posters and public health announcements, the information security community frequently offers helpful tips to protect ourselves online and tries to present security materials in ways that audiences will pay attention and take action.

5 ways COVID-19 is reshaping the cyber-crime economy

As the COVID-19 pandemic pushes the above-ground economy to the brink of a major recession, the cyber-crime economy appears to still be hard-charging ahead. And yet, the virus has rapidly reshaped the way business is being done on the dark web, as buyers and sellers jump on the opportunity to capitalise on global fears, as well as dramatic shifts in supply and demand.

Back in 2018 Cybersecurity Ventures warned that by 2021, cyber-crime damages might reach US $6 trillion (£4.7 trillion), a sum that would equal the GDP of the world’s third largest economy. Whether the coronavirus will drive that figure up or down remains to be seen, but things are changing in the dark web economy.

IA teams up with US firm to tackle cyber crime

The UK’s Investment Association has set up a platform to help investment managers protect their firms against cyber security threats.Covid-19 has highlighted the “critical role” cyber security plays in ensuring operational resilience, according to the organisation.The platform – called IA Titan, and powered by US-based cyber security company Anomali – comprises a real-time dashboard providing up-to-date alerts from law enforcement, government agencies and other authorities.The alerts will cover a range of threats including: malware, ransomware, and software vulnerabilities.  

China toughens crackdown on cyber crime as cases increase

China launched a crackdown on cyber crime as it has seen a rapid spread of online fraud, rumor-mongering and infringements of individual privacy, among other offenses.

Chinese police have captured 6,329 suspects involved in Internet scams related to the COVID-19 epidemic, 3,870 engaged in manufacturing or selling fake or substandard face masks and protective garments and 496 suspected of illegally selling precious wild animals and their byproducts amid the campaign initiated this year, said the Ministry of Public Security.

Moreover, police nationwide have solved seven criminal cases involving the transmission of false information about the epidemic on the Internet and detained 24 suspects implicated in the illicit activities, the ministry said.

Global police agencies issue alerts on Covid-related cyber-crime

Europol and Interpol have joined the list of cross-border law and order regulators set out to tackle Covid-19 scams and misinformation campaigns. 

“With a huge number of people teleworking from home, often with outdated security systems, cyber-criminals prey on the opportunity to take advantage of this surreal situation and focus even more on cyber-criminal activities,” Europol executive director Catherine De Bolle wrote in its latest security advisory.  

The announcement comes a week after Europol published a detailed report on how criminals modified their strategies to make the most of the pandemic scare, based on information it received from the EU member states.