Managing Cyber Risk of Remote Work – Video

Published On: May 20th, 2020Categories: Commercial Insurance, Webinar

Emerging Cyber Risk Trends During Covid-19

Since January 2020, there has been a 30,000% increase in COVID-19 cyber-related phishing, malicious website and malware activity, targeting remote users (Zscaler Cloud Security).

With the COVID-19 pandemic, many businesses had to quickly adapt to a new reality of an at-home workforce. Cyber criminals are adapting quickly too by focusing attacks on vulnerable home workstations. Learn what strategies every leader should begin implementing in their business today.

A big realization I had listening to this webinar is ‘there is a lot we could be doing and a lot we have implemented  to make our company cyber safe but, even so, there are some significant cyber risks out there.‘ If you haven’t had a consultation with us yet about cyber insurance I strongly suggest emailing (kpaterson@brysoninsurance.ca) for a brief 20-minute discovery call.

Our presenter, Michael Castro of RiskAware, provided a thorough overview of the current cyber risk landscape including providing insight into the main types of approaches cyber criminals are taking today, the biggest at-home cyber vulnerabilities and actions individuals and organizations can take to minimize the threat. Main focus areas included vulnerabilities with video conferencing tools, email and other types of COVID-19 related phishing campaigns targeting home users, weak home network systems, new types of malware and gaps in software patching leaving openings for hackers.

There was a lot of quality information brought forward throughout the duration of the webinar. Before viewing the webinar, there are a couple of highlights we want to ensure are captured:

  • We talked about the importance of going to trusted domains for news and content. Michael highlighted a number of malicious COVID-19 related websites that appear credible. They are designed to capture sensitive data or leverage the visitor’s computer to mine bitcoin while there.to capture sensitive data from viewers. Michael recommends https://bing.com/covid as a trusted site for COVID-19 related information.
  • We reviewed the various Zoom vulnerabilities that the company has been working hard to close down. Michael suggested utilizing two-factor authentication, downloading Zoom 5.0 and ensuring you update where you give permission for Zoom to route data.

Presenter Information:

Michael Castro, Risk Executive Advisor and Founder of RiskAware Group

As an IT leader with over two decades of experience building and leading information security, cyber risk and compliance programs at the enterprise level, Michael is a veteran vanguard for protecting sensitive data.

Michael’s previous work includes serving as Head of Information Security and Risk Management at Loblaw Companies Limited and numerous Senior Info and Cybersecurity roles in the areas of Oil & Gas, Finance, Health Care and Retail.

Today, Michael provides controls guidance and consulting to numerous companies, and acts as a Risk Executive Advisor to various Boards. You can email Michael at mcastro@riskaware.ca.

Written by:

Kyle Paterson
Kyle has a belief that insurance is a tool when powerfully leveraged best ensures the vision of business leaders and families are realized. Kyle focuses on cyber risk transfer, group benefits, and corporate and individual life insurance solutions.

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