Entrepreneurs Beware: Remote Work Can be Fertile Ground for Cybercriminals

Source: Entrepreneurs Beware: Remote Work Can be Fertile Ground for Cybercriminals

When the coronavirus wave took over the world and governments imposed lockdown and stay-at-home rules, entrepreneurs wondered how they were going to keep afloat. Everyone was trying to make sense of what was happening. Big tech companies took the lead when they permitted some of their employees to work remotely. Other businesses had no choice but to test this model of working. It was not a matter of choice. It was a necessity. The mantra was to save lives and businesses.

Somewhere in the shadows, I bet hackers were smiling. Christmas had come early for them. And we were only in the first quarter of the year. From my experience, I knew that the “cyber-crime business” was going to score big. Businesses were opening themselves to potential attacks. They still are.

Across the Atlantic, for example, more than half of the American workforce is working from home. This presents a huge opportunity for hackers to hit the jackpot. A recent IBM survey shows that the odds are stacked in favor of cyber-criminals. Eighty-three percent of employees pushed to work-from-home were not provided with a remote work model before the pandemic. More than 50 percent of the respondents said they were not updated on new security policies on how to securely work remotely. More than half are using their own devices and 61 percent pointed out that they have not been equipped with proper tools to secure those devices.