THE HAGUE, Netherlands — The European Union police agency says in a new report that cybercriminals are cashing in on the coronavirus crisis by targeting people and companies that are spending more time online due to work-from-home orders.
Europol issued its annual Internet Organised Crime Threat Assessment Monday. It underscores earlier warnings by the Hague-based police organization to the EU’s 27 member states about cybercrime during the pandemic.
The assessment covers all aspects of cybercrime. It cautions that “many individuals and businesses that may not have been as active online before the crisis became a lucrative target” for cybercriminals who are able to quickly adapt existing online crime to fit emerging vulnerabilities.
Criminals also used the global pandemic to spread disinformation about the virus for financial gain.
The report says that distributing fake news online about potential cures or treatments “facilitated criminals seeking to sell items that they claim will
Technavio has been monitoring the security information and event management (SIEM) market and it is poised to grow by USD 3.94 bn during 2020-2024, progressing at a CAGR of over 12% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Technavio has announced its latest market research report titled Global Security Information and Event Management (SIEM) Market 2020-2024 (Graphic: Business Wire)
Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios,