Trend Micro Incorporated recently found that COVID-19 related malware and spam are increasing around the world. The types of attacks they uncovered include email spam, business email compromise, malware, ransomware, and malicious domains.
Spam was the most common risk identified, comprising 65.7 percent of enterprise attacks. Spam related to COVID-19 increased 220-fold from February to March 2020. Cybercriminals frequently targeted businesses with fraudulent shipping notifications and Ministry of Health announcements.
Another type of cybercrime is the illegal sale of toilet paper, N95 masks, ventilators, and other in-demand items.
According to Trend Micro's director, organizations have become more vulnerable to cyberattacks because they had to adapt quickly with new technology and processes to the large number of employees working remotely during the COVID-19 pandemic.
Cybercriminals have long used current events to create social engineering scams. However, COVID-19 cyberattacks have become particularly popular to exploit anxiety about the disease and current lax cybersecurity. Amy Sarcevic "COVID-19 related malware and spam on the rise" technologydecisions.com.au (May 13, 2020).