Cybersecurity in Pandemic time

Sumesh Krishna, Partner

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Our business is in the most disruptive times now, and the cybercrimes are also at their peak, giving nightmares to the business owners. Now cybersecurity is one of the priority agenda among all the C-suite members of a business.

Cybercrimes are emerging to second place, with 33% per cent of all types of business-related fraud. Cybercrimes are accelerated during the pandemic mainly because of remote work scenarios.

Data breaches, ransomware attacks, BEC and phishing attempts have increased during remote work; according to the sources, over 60000 emails per day include COVID related attachments or malicious websites.

The following are some examples of socially engineered scams happening in this pandemic time.

  • Mails camouflaged as government announcements: Various mails are focusing on phishing, carrying government institutions logo and unnatural links related to COVID-19.
  • Fake medical advice: – Mails are sent as attachments my mentioning secure cures related to COVID-19 in the name of known medical providers.
  • Charity: Mails in a phishing nature is sent in the name of pandemic to solicit donation
  • BEC Campaigns:- Campaigns are initiated to target the operationally affected industries.
  • Unverified websites and mobile apps: During the pandemic most of the companies are forced to adopt remote working and for this they need to use various IT tools and platforms. Many companies have not checked the reliability of the platforms they are using, which exposes their company to cyberattacks and related frauds.

As cyberattacks and frauds proliferate during the crisis, companies need to assess their cyber risks and prepare for potential threats regularly.

Cyber risks are unique to each company based on the activities and the data they are handling; like financial institutions and healthcare companies that handle a large amount of critical personal data. So, the company needs to explore the cyberattacks considering the following points;

  • Technical and operational activity and data attacks
  • Business and financial activity and data attacks
  • Regulatory and compliance-related attacks

The risk of cyberattacks is high, which results in increased costs to the companies to safeguard them. But investment in resources and related tools for assessing and mitigating cyber risks might be less than the legal and financial consequences caused due to a cyber-attack.

HLB HAMT has a perfect team and having the right expertise, we helps many organizations in/ by;

  • Developing a risk-based security strategy to strengthen the basic security coverage.
  • Implementing and scaling out security controls.
  • Provide training to the workforce.
  • Choosing the right tools.

 

 

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Varun R Chandra
Varun R Chandra
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HLB Hamt is highly recommended! They have the quality of services that would satisfy your needs. I'm glad I found them.
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Giuseppe Assi
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I HAD A GOOD EXPERIENCE WITH HLB HAMT DUBAI. THEY HAVE A VERY PROFESSIONAL TEAM, GOOD QUALITY OF SERVICES, GOOD VALUE... FOR PRICE.I RECOMMEND THIS COMPANY.read more
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Mohamed Sheriff
16:16 28 Jun 20
Experience with HLB Hamt in audit experience is great pleasure. They deploy well qualified accounts team for audits.... And the amount of checking they perform give the management of the company confidence that internal controls are well in place. We are glad to see they have high standard of audit practices.read more
218141 JOSEPH THOMAS
218141 JOSEPH THOMAS
16:20 23 Jun 20
Professionally managed firm with commitment to the engagements taken. My company and its group are assigning our... requirements for last 12 years to HLB and we don’t have any negative remarks on any assignments.read more
PMI
PMI
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In my opinion, HLB Hamt is one of the best professional firms in UAE after big4. Excellent client service, professional... and competent staff and timely delivery are their strength. Over the years they have developed the infrastructure and skill set to handle multiple verticals ie, audit, tax services, consulting, IT support etc.Wishing HLB Hamt team all the very best.read more
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RAVI CHOKSI
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High-Performing IT Teams, I'm impressed with the knowledge level of their deputed staff, audit procedures, and... checklist adopted. Mr. Vimal especially understand the requirement and provide solution not only technical feasibility and also considered budgeting. We’re confident in their abilities.read more
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Very professional team. Vimal has always given us good solution advice for various Software and IT Infra projects. We... are very Extremely satisfied working with him and his team. Wishing them success.read more
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I have worked with HLB as a partner of Sage for about 2 years, they were dedicated to the success of the partnership... and kept aligned with the business plan that was agreed between our two companies. They are always ready to go the extra mile for a customer and don’t shy away from challenging circumstances. Keep up the good work and wish you all the success in the future.read more
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Team of well qualified and organised professionals. Their reports are not based on numbers first they will understand... their client and their business. They are highly recommended and trust worthy.read more
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We're glad to have found HLB Hamt to conduct the IT audit and risk assessment for our organization. We have learned a... lot from their team during that first project. And since then, we've continued to be in touch with them. Mr. Vimal especially is very good at presenting technical concepts in simple yet interesting ways that non-IT and business people alike would easily catch. We are very happy with the professionalism and quality of service they provide. They leave their clients nothing short of satisfied. Highly recommended.read more
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