Work from home fuelling cyber attacks, says global financial watchdog
The Hindu
Cyber activities such as phishing, malware and ransomware grew from fewer than 5,000 per week in February 2020 to more than 2,00,000 per week in late April 2021, the Financial Stability Board said.
Financial firms may need to bolster their defences in the face of rocketing cyber attacks after employees began working from home, the Financial Stability Board (FSB) said on Tuesday. (Subscribe to our Today's Cache newsletter for a quick snapshot of top 5 tech stories. Click to subscribe for free.) The FSB, which coordinates financial rules for the G20 group of nations, said remote working since economies went into lockdown to fight COVID-19 opened up new possibilities for cyber attacks. Working from home (WFH) is expected to stay in some form across the financial services industry and beyond.
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