COVID-19 Creates Fresh Cyber Security Challenges as Employees Work From Home

The Threat

The recent surge in Work-From-Home, triggered by the COVID-19 crisis, is here to stay and the first sign of it is that "WFH" has been added to the alphabet soup of jargons crowding the technology industry. WFH, however, has also created a fresh set of challenges for organizations to protect their intellectual assets from cyberattacks. It’s a no-brainer to say that our home networks are far more vulnerable than enterprise networks. Companies are leveraging this crisis to meet immediate needs as well as for building more lasting, longer-term access to a variety of resources in the cloud as well as in the enterprise data center.

As the world logs on to enterprise networks from home, the demand for more secure remote access for employees is at an all-time high. Organizations must prepare for possible cyberattacks on our home IT networks to exploit its vulnerabilities. They need to monitor IT use for signs of malicious behaviour, safeguard sensitive data and assure maximum compliance with privacy and regulatory requirements. Also, the extensive use of cloud services necessitated by the COVID-19 crisis, both on-premise and public, will compel enterprises to reassess this ecosystem and take additional steps to protect it.

Five Ways Technology Is Revolutionizing Risk Management

In the realm of cybersecurity, risk management refers to the process in which organizations identify, analyze, and address various types of cyber risks that they may face in case their IT systems fail as a result of internal and external threats. These risks include the possibility of losing sensitive, private corporate data, experiencing disruptions in their day-to-day business operations, suffering reputational damages, and more.

Cyber risk management enables security teams to spot, measure, and evaluate vulnerabilities in their IT environment. Its connected systems and applications allow users to implement strategic ways to fix potential issues, thereby allowing organizations to avoid or reduce the impact of potential cyber risks. Unfortunately, many organizations find it difficult to implement cyber risk management effectively.