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Cybercrimes and scams have been successful because of its simplicity, says KPMG

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An increase in COVID-19 themed phishing lures, high-risk fake domains and scams prove that cybercriminals are changing their modus operandi in order to manipulate fear and target individuals and businesses in a variety of ways.

“Right now, everyone is heavily reliant on their laptops or mobile phones to conduct their everyday needs such as online banking, shopping or donating to causes and charities. Criminals are not afraid to take advantage of that,” warned Tan Kim Chuan, Head of Forensic at KPMG in Malaysia.

According to Tan, cybercrimes and scams have been successful because of its simplicity and it doesn’t require complicated countermeasures to prevent cyber incidents.

During this time when negligence or carelessness could accidentally open doors to an unwanted cyber breach or financial loss, it isn’t only individuals who are at risk but also organizations that need to remain vigilant. Hence, as an immediate measure, companies should focus on embedding pragmatic remote working security controls to deal with Covid-19 themed threats.

 

Click to read the full article published in The Star OnlineThe Sun Daily and Focus Malaysia.

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