Covid-19 may have been rightly consuming the global headlines thus far in 2020. 

While global lockdown may have created great business opportunity for online retailers such as Amazon, Walmart and Costco, the cyber criminals were anxiously waiting in the wings. With so many of Americans that were fortunate enough to be able to work from home, the lack of security in these work from home (WFH) environments, created a playground for cybercriminals.

The increase in online transactions mean more opportunities to hack credit card data, and with an increase in employees working remotely, often without any type of perimeter security within the home, has paved the way for criminals to target millions of individuals and organizations.

Since the onset of Covid-19, cybercriminals have engaged in a concerted campaign of relentless cyber-attacks designed to exploit the current crisis for a quick payday. According to the Forbes, cyberattacks cost $18 million per financial firm whereas it is $12 million per firm for other industries.

In particular, the most dangerous Covid-19 cyber threats that companies face today are phishing, business email compromise (BEC) scams, ransomware, and remote working vulnerabilities.