Banks Told to Prepare for Cybercrime Jump in Coronavirus Fallout

The outbreak has prompted lenders to ask more employees to work from home or spread them across different offices, while more clients may choose online banking over going to branches. While banks have improved defenses against hackers in recent years, the ECB has called cybercrime and technology deficiencies some of the top risks for the industry this year.
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Paranoia around Coronavirus is Fueling Cyber Crime

Cyber criminals are capitalizing on the fear people have about the Coronavirus epidemic and are resorting to phishing emails, malware, key-loggers, and fake online charities to dupe people of their personal information and money. Cyber criminals are also targeting industries such as travel, shipping, manufacturing, healthcare, and retail to either create panic and bring businesses to a standstill or hold businesses to ransom unless they pay off the demanded ransom.
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Why aren’t presidential candidates talking about cybercrime?

As of the last debate, all eight events have been held without any substantive discussion about a national security threat that arguably impacts more Americans than any other. If candidates want to connect with more voters about the issues that are actually affecting their daily lives, they should talk about their plans for grappling with cyber threats—particularly cybercrime.
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Secret Service to launch private-sector cybercrime council

The council, which will be known as the “Cyber Investigations Advisory Board” (CIAB), will aim to “provide Secret Service’s Office of Investigations with outside strategic input for the agency’s investigative mission, including insights on the latest trends in cybercrime, financial crime, technology, and investigative techniques,” according to an internal Secret Service Electronic Crimes Task Force Bulletin.
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