Guardian Digital Blog - Page No: 5

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Malicious email is multiplying exponentially due to the COVID-19 crisis - and cyber criminals show no signs of slowing down. In April of 2020, Guardian Digital has identified more phishing emails than in any month prior since the company’s inception in 1999. This alarming trend is consistent with a recent report published by Google, which indicates that from April 9-16, 2020, the tech giant saw 18 million COVID-related phishing and malware attacks daily.

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Over the past few months, you’ve probably become far more aware of your physical health and safety - but how much thought have you given to the security of your business email accounts in this heightened digital threat environment?

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In the midst of the COVID-19 crisis, businesses are relying more heavily on cloud email than ever in order to operate in this challenging remote environment. With office employees now becoming remote workers, many organizations are hurriedly moving to vulnerable cloud platforms like Office 365 during this pandemic.

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With many employees working remotely due to the COVID-19 pandemic, more organizations than ever are moving to Office 365. Attackers have matched this trend, directing more of their exploits at Office 365 than ever before.

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Email risk doesn’t discriminate - threat actors are targeting businesses of all sizes in  every industry sector with advanced attacks designed to deceive victims into sharing credentials, financial information and other sensitive data that can be exploited for monetary gain. Now is not the time to overlook the importance of effective email security!

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For the second time within a month, the FBI is warning of sophisticated COVID-19 related business email compromise (BEC) scams exploiting cloud email services to steal users’ account credentials, and is urging businesses to take immediate action by implementing critical additional layers of protection in Office 365 and G-Suite.

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Ransomware has become one of the most notorious email-borne threats - these attacks have crippled governments around the country and consistently dominate security news headlines. In the last few months, ransomware attacks from phishing emails have increased by an astounding 109 percent. Cloud systems like Office 365, Dropbox and Google are unprepared and businesses are paying the price - literally.

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