• Covid-19 is biggest cybersecurity threat to hit businesses

        • The COVID-19 outbreak is forcing millions of employees to work from home. This means countless organisations are faced with a unique challenge: how to keep as many business-critical functions running as possible whilst maintaining adequate security.

          Phishing attacks have risen an unprecedented 667 per cent in the UK compared to February as malicious actors trick users via fake coronavirus alerts. Government statistics revealed that 75 per cent of large organisations were hacked last year, meaning this enhanced threat is all the more worrying.

          James Stickland, CEO of authentication platform Veridium, highlights that COVID-19 is now posing the largest-ever cyber security threat of recent times. He believes it has shone a light on technology, forcing enterprises to innovate, however, some companies are placing their business at risk by taking shortcuts on security measures.

          James said, “what makes this situation so difficult are the timeframes. Where typical changes of this scale are planned, researched, deployed and tested over months and even years, the UK now has just weeks to overcome some very real problems. These circumstances, albeit challenging and worrying, indeed present a long-term opportunity for businesses to reassess their security strategies. Many companies are facing increasing scrutiny over their identity verification requirements, particularly video conferencing tools which have exploded in popularity. At this current time, invoking business continuity must be prioritised – ensuring clients are serviced and secure authentication for remote employees is provided.”

          “Ensuring that remote workers don't fall foul of phishing attacks when resetting passwords will be crucial for employees working from home. There has been a 667 per cent increase in funded cyberattacks on passwords, which are already the weakest link in the security trail, being responsible for over 80 per cent of data breaches.

          “Software-based authentication that can be delivered remotely will be key to improving cybersecurity for home workers. Authentication measures that require passwords or PINs put pressure on already inundated or unavailable IT helpdesks through resets. More and more organisations are realising the benefits of taking a multi-factor biometric approach to security, which can efficiently safeguard sensitive employee and customer data whilst future-proofing their business.

          “The way the world works will change after this – individuals and businesses will rethink their priorities. Flexible working will be more accepted, security will matter more, and relationships will matter more. In the same way it takes a cyber-breach to invest in improving security, this pandemic will make a number of businesses overhaul their remote working strategies. It will be very interesting to see how the business and security world will change.”

        • Stay up to date - Click here and register for FREE OEN online membership and enjoy unlimited access to a host of benefits including the exclusive members area of the website, downloadable business tools, current and back issues archive, priority breaking news alerts, weekly e news summary and the OEN app

        • Related Articles

        • 2/3 European businesses to increase IT spend in 2021

          2/3 European businesses to increase IT spend in 2021

          Tuesday 11th May 2021 by clareb
          Dynabook Europe has revealed the results of its new research report, ‘The Hybrid Shift: Managing an increasingly remote workforce’, which shows that 65 per cent of European IT decision-makers have access to increased IT budgets this year ...Read More...
          Totality Services marks World Password Day with top tips

          Totality Services marks World Password Day with top tips

          Thursday 6th May 2021 by clareb
          Since 2013, the first Thursday of May each year marks World Password Day, promoting better password habits to stay safe online. With so many people working at home due to the ongoing pandemic, often without the IT support and protection provided...Read More...
          How remote working has changed issues faced by women in the workplace

          How remote working has changed issues faced by women in the workplace

          Wednesday 28th Apr 2021 by clareb
          Research from Yoppie has found that while remote working has improved pressures around appearance and PMS for women within the workplace, issues of fair representation and equal pay remain prevalent.  When surveyed by Yoppie...Read More...
                • About Us

                  OEN is the leading source of business news and information for buyers of office equipment, supplies and services within mid tier and up sized organisations. Our multi-platform approach delivers relevant, engaging and focussed content via our main printed magazine, bespoke guides and supplements, website, digital editions, apps, and newsletters with an unrivalled reach across the industry. A highly trusted and respected brand for many years, the print version of OEN last year celebrated its Diamond anniversary.

                  For our latest Media packs and more details on our range of services click here

                • View Latest Issue