Intelligent CIO APAC Issue 03 | Page 53

FEATURE : DATA SECURITY

Why cybercrime remains a worrying business challenge in a COVIDlockdown world

With cybercriminals intent on exploiting organizations to regain access to critical data stores , Scott Jarkoff , Director , Strategic Threat
Advisory Group , APJ and EMEA , CrowdStrike , tells us ransomware is the technique of choice for cybercriminals around the world .

As organizations across Asia Pacific struggle with the upheavals caused by the COVID-19 pandemic , it ’ s vital not to forget the threat that can cause massive disruption and loss : cybercrime .

While organizations have focused their attention on equipping staff for remote working and re-engineering business processes , cybercriminals have been busy perfecting their attack strategies and improving their weapons to take advantage of the expanded threat landscape that the remote workforce has provided .
Cybercriminal groups vary widely in size and technical prowess , but those that can cause most extensive damage to businesses fall into two categories - eCriminals and nation-states . eCriminals are often interested in financial gain while nation-state actors tend to take a longer and more targeted approach to gain access to intellectual property from within distinct industries , including companies operating in the telecommunications , financial and healthcare sectors . www . intelligentcio . com INTELLIGENTCIO
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