By , Jake Norwood, Global Head of Cyber Security Fusion Centre, and Danielle Meah , Global Head of Cyber Threat Intelligence
April 30, 2020Posted InCiti
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Cybercriminals are trying exploit the COVID-19 pandemic. Applying some simple rules can help protect against such attempts.
The COVID-19 pandemic has brought out the best in many people. Around the world, communities have come together. They have practiced social distancing, showed solidarity with the victims of the virus, and publicly displayed their gratitude to front-line workers. Inevitably, however, there are a few unfortunate exceptions. As some selflessly risk their lives for the greater good, cybercriminals appear to continue their phishing attempts.
Phishing is a fraudulent attempt by cybercriminals to try to obtain sensitive information from victims by impersonating a legitimate business, organization, or person. These phishing emails usually contain malicious attachments or links that can download malware or redirect victims to malicious sites where the cybercriminals are seeking to steal users’ data, such as account credentials, financial information or social security numbers.
In many ways, this should come as no surprise. The COVID-19 pandemic creates new themes and opportunities for cybercriminals. Importantly, the subject of COVID-19 itself may provide a good hook in fraudulent communications. After all, we may be more likely to open emails that seemingly contain information, advice or appeals in relation to the pandemic.
Perhaps the best overall guidance is to check electronic communications even more rigorously than usual. Among the specific red flags we recommend to Citi Private Bank clients to be aware of include:
Amid the worst global pandemic for over a century, it is only natural that our first thoughts are with the health of our loved ones and helping others. Nonetheless, it is also important to protect our data and finances from those who are cruelly trying to exploit the situation. Stay safe and stay vigilant!