Ostra
  • Email Sign Up
  • Contact
  • Home
  • Technology
  • Clients
  • Partners
  • About
    • Careers
  • Blog
  • Contact
  • Search
  • Menu Menu

Financial Sector is the Most Targeted During Pandemic

September 3, 2020/in Financial Services Industry Cybersecurity /by 0stRa

Cybercriminals are attacking businesses like never before, and they have way more of an interest in the financial services sector than in past years. The pandemic has caused difficult financial situations for many, that includes cybercriminals too, which is why they have their targets locked on the most lucrative sector.

Remote work is part of the reason for the sudden spike in financial sector related cyberattacks. Experts highlighted remote access inefficiencies, due to the increase in the number of people working from home, as the greatest security challenge. They also mentioned virtual private network (VPN) vulnerabilities as another security challenge. These are challenges for every business but especially for remote workers in the financial sector, who must protect more sensitive information.

The financial sector was the most commonly targeted sector, receiving 51% of attacks. This was followed by healthcare (35%), professional services (35%) and retail (31%).

Because organizations in the financial services industry are entrusted with highly valuable and personally identifiable information, they are an attractive target for cybercriminals. Businesses in the financial sector have the most valuable information for cybercriminals. Such as social security numbers, bank information, insurance information, names, contact information, and addresses. All this personally identifiable information can sell for a high price on the black market.

A cybersecurity company has reported a 238% increase in cyberattacks between February and April 2020. With the financial sector receiving a majority of pandemic attacks, a cybersecurity solution is essential in the fight against cybercrime.

Protect your business from the rapid increase in cyberattacks on the financial industry

Ostra is your cyber-security-solution that offers a 360 degree, 24/7 protection that works seamlessly in the background, protecting sensitive data and communications at every access point. We offer a secure VPN connection to protect your remote workers. We also offer email protection, to protect against one of the financial sectors’ biggest threats, phishing scams.

Want to find out more? Visit Ostra.net or contact us today at protection@ostra.net

https://yhoo.it/3bmcZqa

Tags: bank, banks, compromised, coronavirus, covid19, cyber security, cyber training, cyber warfare, cyberattack, cybercrime, cybersecurity, cybersecurity training, cyberthreat, cyberwarfare, dark web, elon musk, financial industry, financial services, fine, hacking, hacking group, jeff bezos, kanye, kanye west, malware, ostra, ostra cybersecurity, password security, phishing, ransom, ransomeware, ransomware, remote, remote office cybersecurity, remote work, risk, scam, small business, small business cybersecurity, social engineering attack, spearphishing, Threat, training, twitter, unsecured network, virus
Share this entry
  • Share on Facebook
  • Share on Twitter
  • Share on WhatsApp
  • Share on Pinterest
  • Share on LinkedIn
  • Share on Tumblr
  • Share on Vk
  • Share on Reddit
  • Share by Mail
You might also like
Financial Sector Cybersecurity Spending Up 15% in 2020
Cybersecurity Awareness Month
Why Businesses Keep Losing the War on Cyber Terror: Part 1
Hackers Selling Stolen Customer Information Online
When It Comes To Cyber Training, It’s Quality Over Quantity
Android Faces New Security Threat, Malware That Spreads Itself

Subscribe to our Newsletter

Recent Posts

  • Ostra Cybersecurity Expands Senior Leadership Team
  • Spot the Signs of Tax-Time Phishing Scams
  • Protecting What We Value: Why Data Privacy Is Worth the Effort
  • Ostra Cybersecurity Expands Partner Success Team
  • Ostra’s Year in Review
  • Ostra Cybersecurity Adds Director for Rapidly Expanding Channel Partner Network
  • Employee Spotlight: Eunice Asemnor, Security Analyst
  • PRESS RELEASE: Ostra Cybersecurity Secures Capital to Bring Fortune 100-Caliber Protection to Small and Mid-Sized Businesses
  • “Who Can You Trust” – A Hacks and Hops Session Recap
  • Why Businesses Keep Losing the War on Cyber Terror: Part 3

Archives

Contact

Ostra Cybersecurity, Inc.
6101 Baker Rd
Suite 202
Minnetonka, MN 55345

contact@ostra.net    (866) 336-7872

Subscribe to our Newsletter

Get Social

© 2023 Ostra Cybersecurity, Inc. -
  • Website Terms & Conditions
  • Privacy Policy
  • Terms of Service
Scroll to top

This site uses cookies. By continuing to browse the site, you are agreeing to our use of cookies.

Accept

Cookie and Privacy Settings



How we use cookies

We may request cookies to be set on your device. We use cookies to let us know when you visit our websites, how you interact with us, to enrich your user experience, and to customize your relationship with our website.

Click on the different category headings to find out more. You can also change some of your preferences. Note that blocking some types of cookies may impact your experience on our websites and the services we are able to offer.

Essential Website Cookies

These cookies are strictly necessary to provide you with services available through our website and to use some of its features.

Because these cookies are strictly necessary to deliver the website, refuseing them will have impact how our site functions. You always can block or delete cookies by changing your browser settings and force blocking all cookies on this website. But this will always prompt you to accept/refuse cookies when revisiting our site.

We fully respect if you want to refuse cookies but to avoid asking you again and again kindly allow us to store a cookie for that. You are free to opt out any time or opt in for other cookies to get a better experience. If you refuse cookies we will remove all set cookies in our domain.

We provide you with a list of stored cookies on your computer in our domain so you can check what we stored. Due to security reasons we are not able to show or modify cookies from other domains. You can check these in your browser security settings.

Other external services

We also use different external services like Google Webfonts, Google Maps, and external Video providers. Since these providers may collect personal data like your IP address we allow you to block them here. Please be aware that this might heavily reduce the functionality and appearance of our site. Changes will take effect once you reload the page.

Google Webfont Settings:

Google Map Settings:

Google reCaptcha Settings:

Vimeo and Youtube video embeds:

Privacy Policy

You can read about our cookies and privacy settings in detail on our Privacy Policy Page.

Privacy Policy