COVID-19: Why The Largest Cyberattack In History Will Happen in the Coming Months

COVID-19: Why The Largest Cyberattack In History Will Happen in the Coming Months

During the pandemic there has been a growing sense as well as no shortage of data showcasing the growing by cyber attackers and other malicious folks looking to compromise corporate, personal and other data through an evolving set of digital schemes. As this article highlights, if hackers can break into the networks of America’s largest defense contractor, Lockheed Martin, by targeting remote workers there is little question that remote workers with little security are easy targets.

Practically every employee in every firm in America is working from a makeshift desk on their kitchen table. Firms only had days to cobble together remote work plans. So you can bet most didn’t set up secure systems, like the one my friend is using. In fact, the vast majority of employees probably don’t even have dedicated work laptops.

So hundreds of millions of folks are using personal laptops–on unsecured home internet connections–to access work files. Many of which likely contain confidential information and personal data.

This is a dream come true for cyber criminals. Hackers only need to gain access through one entry point to seize control of a whole network. Once they’re in they can steal data, secrets, and even lock you out of the network.

 

Source: Why The Largest Cyberattack In History Will Happen Within Six Months

About the Author

Chris Versace, Chief Investment Officer
I'm the Chief Investment Officer of Tematica Research and editor of Tematica Investing newsletter. All of that capitalizes on my near 20 years in the investment industry, nearly all of it breaking down industries and recommending stocks. In that time, I've been ranked an All Star Analyst by Zacks Investment Research and my efforts in analyzing industries, companies and equities have been recognized by both Institutional Investor and Thomson Reuters’ StarMine Monitor. In my travels, I've covered cyclicals, tech and more, which gives me a different vantage point, one that uses not only an ecosystem or food chain perspective, but one that also examines demographics, economics, psychographics and more when formulating my investment views. The question I most often get is "Are you related to…."

Comments are closed.