Now on Demand Ransomware Resilience & Recovery Summit - All Sessions Available
Connect with us

Hi, what are you looking for?

SecurityWeekSecurityWeek

Cybercrime

Interpol Warns of ‘Alarming’ Cybercrime Rate During Pandemic

Global police body Interpol warned Monday of an “alarming” rate of cybercrime during the coronavirus pandemic, with criminals taking advantage of people working from home to target major institutions.

Global police body Interpol warned Monday of an “alarming” rate of cybercrime during the coronavirus pandemic, with criminals taking advantage of people working from home to target major institutions.

An assessment by the Lyon-based organisation found a “significant target shift” by criminals from individuals and small businesses to major corporations, governments and critical infrastructure.

“Cybercriminals are developing and boosting their attacks at an alarming pace, exploiting the fear and uncertainty caused by the unstable social and economic situation created by COVID-19,” said Interpol Secretary General Juergen Stock.

“The increased online dependency for people around the world is also creating new opportunities, with many businesses and individuals not ensuring their cyberdefences are up to date,” he added.

The report said cybercriminals were sending COVID-19 themed phishing emails — which seek to obtain confidential data from users — often impersonating government and health authorities.

Cybercriminals are increasingly using disruptive malware against critical infrastructure and healthcare institutions, it added.

In the first two weeks of April 2020, there was a rise in ramsomware attacks, in which users have to pay money to get their computer to work again.

There was also an increase in the spread of fake news and misinformation which sometimes itself conceals malware, said Interpol.

Advertisement. Scroll to continue reading.

From January to April, some 907,000 spam messages, 737 incidents related to malware and 48,000 malicious URLs -– all related to COVID-19 were detected by one of Interpol’s private sector partners, it said.

The agency warned the trend was set to continue and a “further increase in cybercrime is highly likely in the near future.”

“Vulnerabilities related to working from home and the potential for increased financial benefit will see cybercriminals continue to ramp up their activities and develop more advanced and sophisticated” methods, it said.

Once a COVID-19 vaccine becomes available, Interpol said, “it is highly probable that there will be another spike in phishing related to these medical products as well as network intrusion and cyberattacks to steal data.”

Related: NATO Condemns Cyberattacks Against COVID-19 Responders

Related: Microsoft Open-Sources COVID-19 Threat Intelligence

Related: Google Sees Increase in COVID-19 Phishing in Brazil, India, UK

Written By

AFP 2023

Click to comment

Trending

Daily Briefing Newsletter

Subscribe to the SecurityWeek Email Briefing to stay informed on the latest threats, trends, and technology, along with insightful columns from industry experts.

Join the session as we discuss the challenges and best practices for cybersecurity leaders managing cloud identities.

Register

SecurityWeek’s Ransomware Resilience and Recovery Summit helps businesses to plan, prepare, and recover from a ransomware incident.

Register

People on the Move

Bill Dunnion has joined telecommunications giant Mitel as Chief Information Security Officer.

MSSP Dataprise has appointed Nima Khamooshi as Vice President of Cybersecurity.

Backup and recovery firm Keepit has hired Kim Larsen as CISO.

More People On The Move

Expert Insights

Related Content

Cybercrime

A recently disclosed vBulletin vulnerability, which had a zero-day status for roughly two days last week, was exploited in a hacker attack targeting the...

Cybercrime

The changing nature of what we still generally call ransomware will continue through 2023, driven by three primary conditions.

Cybercrime

As it evolves, web3 will contain and increase all the security issues of web2 – and perhaps add a few more.

Cybercrime

Luxury retailer Neiman Marcus Group informed some customers last week that their online accounts had been breached by hackers.

Cybercrime

Zendesk is informing customers about a data breach that started with an SMS phishing campaign targeting the company’s employees.

Cybercrime

Patch Tuesday: Microsoft calls attention to a series of zero-day remote code execution attacks hitting its Office productivity suite.

Artificial Intelligence

The release of OpenAI’s ChatGPT in late 2022 has demonstrated the potential of AI for both good and bad.

Cybercrime

Satellite TV giant Dish Network confirmed that a recent outage was the result of a cyberattack and admitted that data was stolen.