Page 56 - Mariners Cricket Club (Singapore) - Souvenir Magazine 2020

CYBER SECURITY – THE NEED OF THE FUTURE

– Gogol Bose –

“How to Survive a Pandemic 101” probably wasn’t part of your business school
curriculum. Even for the most experienced C-Suite leaders, the COVID-19 pandemic

has created strategic, financial and operational challenges that were previously not
imagined properly. Since the COVID-19 virus outbreak in December 2019, the disease has
spread to almost 180+ countries around the globe with the World Health Organization
declaring it a public health emergency.

The global impacts of the coronavirus disease 2019 (COVID-19) are already starting
to be felt, and will signifi cantly impact the Cybersecurity market in 2020 and beyond.
While the world is focused on the health and economic threats posed by COVID-19,
cybercriminals around the world undoubtedly are capitalizing on this crisis – as seen in
the recent attacks on Dr. Reddy Labs in India few weeks back.

There has been a steady rise
in phishing attacks, malware
spams and ransomware
attacks as hackers are using
COVID-19 as bait to mimic
known brands thereby
misleading employees and
customers. This will likely
result in virus infested
personal computers and
phones. Not only are

Mariners’ Cricket Club (Singapore) 56