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Cyber criminals exploit Coronavirus home-work shift

Research from Trend Micro Reveals renewed surge in Ransomware and BEC detections, as threats target opportunities created by the Coronavirus lockdown.

Ransomware attacks in February 2020 showed a 20.2% increase on January’s attack rate, with detections running at more than 2m, according to figures from Trend Micro’s latest Threat Landscape Update.

From January to February 2020, sturdies by Trend Micro also detected a major rise of 24.3% in attempted Business Email Compromise (BEC) attacks, with cyber criminals continuing to deploy a variety of techniques that included CEO fraud, bogus invoices, and compromise of executive/employee accounts.

“Enterprise IT security teams across Europe [are] under unprecedented pressures right now, as the corporate attack surface expands due to mass home-working demands brought in because of the Covid-19 pandemic,” says Ian Heritage, Cloud Security Architect at Trend Micro. “More than ever, they must be on high alert as opportunistic cyber attackers look to strike.”

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