Work from home challenges can lead to fatigue and complacency around data security measures, both for employees adhering to security policies as well as for IT teams tasked with implementing and enforcing them. Work from home challenges can lead to fatigue and complacency around data security measures, both for employees adhering to security policies as well as for IT teams tasked with implementing and enforcing them. (Shutterstock)

In July 2020, Kroll observed a 22% increase in attacks targeting the financial services sector based on its incident response case intakes. Business email compromise (BEC), fraud and ransomware were the top three threats impacting the industry, and Kroll has seen the number of incidents steadily rise amidst the COVID-19 crisis.

From a network topography perspective, this year’s shift from predominantly physical to remote access brought unexpected operational challenges. Businesses, including financial institutions, had to quickly educate workers on secure home internet connections as well as ramp up stable virtual private network (VPN) access and collaboration tools, while IT teams were also tasked with monitoring a multitude of diverse endpoints.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

 

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2023 ALM Global, LLC. All Rights Reserved.