Instant Insights / October is National Cybersecurity Awareness Month

The COVID-19 pandemic has revealed new cyber threats. Now's the time for insurance professionals and insureds to reexamine cybersecurity strategies and coverage.


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A large eye on a computer screen. A recent FBI report found that cybercrime has almost quadrupled during the pandemic and cyber predators are targeting unsecured devices and using fake domains to access computers and information. (Photo: Shutterstock)

COVID-19 forced organizations to evolve their business models overnight. The demand for digital infrastructure has skyrocketed and industries are seeing large-scale adoption of work from home.

Unauthorized software, unsecured devices, stressed and distracted workers have expanded the attack surface and left businesses exposed to many cyber risks. Per a recent FBI report, cybercrime has almost quadrupled amidst the pandemic. Cyber predators are preying on COVID-19 fears as they create thousands of fake internet domains, fraudulent coronavirus-related charities, bogus companies offering loans, masks and other equipment.

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