Sunday, July 11, 2021

COVID-19 sent cybercriminals into overdrive - how to protect your personal finances

As a result of COVID-19 and the shift to remote work, arising cybercrimes have progressed. Over the past year, phishing scams increased 11%, ransomware increased 6%, and the organized crime-related instances rose 15 times as opposed to last year. John Bauer, the president and chief revenue officer of IDIQ, a company that strives to prevent identity theft, credit infringement, and data breach management, said, “People never think they will be targeted.” The idea of never being a target is a hazardous worldview, especially in the face of a pandemic in the digital era. People may believe that they are the last possible target, but this is not the case because a hacker can attack anyone. Thus, people no longer cannot think “if I’m hacked,” no longer, but in fact, must consider the idea of “when I’m hacked” because cybercriminals routinely hack into personal information.  

Additionally, organizations, not just individuals, can be infiltrated. Thus enterprises must have the best defense possible. According to a Verizon report, private sector businesses underwent more cybercrime raids on the cloud, with attacks on web apps accounting for 39% of all privacy breaches. Safe approaches to guarding against these malicious threats are credit reports and identity theft monitoring. These co-operations provide people with identity theft insurance and identity theft restoration, which will protect them from the chance of befalling prey to a hacker. Monitoring one’s credit report and identification regularly are critical since it allows users to check for changes in their information as they occur and swiftly respond if fraud is detected. 

URL: https://www.fox6now.com/money/covid-19-cybercriminals-protect-personal-finances

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