Wed. Apr 14th, 2021
(Photo Courtesy: http://www.cyware.com)

The banking and financial services industry should continue to be on guard against cybersecurity threats as amid the coronavirus disease 2019 (Covid-19) pandemic, especially in Southeast Asia, according to global cybersecurity company Kaspersky.

Kaspersky’s cybersecurity expert noted the main trends witnessed in the cyberspace last year, and will continue in 2021. These include the abuse of the Covid-19 theme, the exploit of researches related to the pandemic, and the scams and misinformation about the virus and the vaccines.

“It is becoming clear that these threat actors will keep on using topics related with the pandemic to trick the human mind. While vaccines are here, the situation continues to be uncertain. Countries are still implementing lockdowns, virtual learning and working are both here to stay, and digital payments are on the rise. This means IT infrastructure remains outstretched, further opening loopholes for threats targeting beyond Windows and internet-facing network devices as well as multi-platform and supply chain attacks,” the company said in a statement.

As of last year, more than 80,000 Covid-related domain connections and malicious websites were detected by Kaspersky in Southeast Asia alone. Malaysia registered the highest number followed by Vietnam, the Philippines and Indonesia.

This trend is expected to continue until 2021 as the region continues its battle against the pandemic and rolls out vaccines in different phases.

Banks remain charming targets for cyber adversaries. In fact, data from Kaspersky’s GReAT revealed that banks and financial institutions were the second and third most targeted sectors last year, globally. SOVEREIGNPH

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