A new report from email security and cyber resilience company Mimecast, released to coincide with this year’s virtual Black Hat conference, reveals that threat actors are motivated by monetary gain more than stealing data or intellectual property. It also finds that COVID-19 continues to be a major theme in current attacks, especially in certain sectors, and that opportunistic and malware-based campaigns are being launched at volumes never seen before, with manufacturing, retail/wholesale, finance/insurance, and media and publishing being the hardest hit. The volume of sender impersonation attacks increased by 24 percent between January and June to reach nearly 46 million… [Continue Reading]
Original Source: betanews.com
With the COVID-19 pandemic disrupting businesses globally, technology will play a "stronger role than ever before", enabling economic recovery, Microsoft India President Anant Maheshwari said.
Speaking at the Microsoft Envision Forum 2020, Maheshwari noted that the coronavirus pandemic has changed businesses, communities, industries, and the world, forever.
"No one company is going to solve a challenge like this alone, and it is going to take the private and public sectors working together to turn the tide on COVID-19. As we continue to work through the current situation and plan for the future, it's clear that the change required is significant – as is the potential opportunity across industries," he said.Also Read9,100 coronavirus-themed cyberattacks in India between Feb 2-May 2: Microsoft
He added that technology will play a key role in management of social sector programmes across education, health and public distribution, helping to strengthen the economy.
"Technology will play a stronger role than ever before – enabling economic recovery and helping each one of us achieve more," he emphasised.
The event, which was organised digitally on Friday, saw industry leaders across banking, financial services and insurance, manufacturing and retail sectors deliberate on the need for innovation and real-world digital transformation.
Aarthi Subramanian, Group Chief Digital Officer at Tata Sons, said COVID-19 will accelerate the scaling of digital across industries and investments in cloud, artificial intelligence and cybersecurity.
"Digital transformation in companies will focus on new end-to-end customer journeys and we will see an increase in adoption of automation in manufacturing industries. They will also invest in enhancing employee engagement given the remote working model," she added.
In another development, reported by a Microsoft executive, it was found that cybercrooks are using COVID-19 to make ransomware and phishing attacks on people.
"Between February 2 and May 2, we saw 9,100 total file encounters related to COVID-19 or coronavirus. It means our detection tools actually saw malware, URL, an attachment, or a phishing email using COVID-19 as a lure to get somebody to download malware to the system or potentially to give up their credentials via a phishing attack," Microsoft Corp Corporate Vice President (Cybersecurity Solutions Group) Ann Johnson told reporters on a conference call.
(Disclaimer: Additional background information has been added to this PTI copy for context)
(Edited by Kanishk Singh)
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Original Source: yourstory.com