According to a report by IBM X-Force, there has been a massive surge of 4,300 per cent in coronavirus-themed spam since February 2020.

Further, the report added that while organisations worry about pressing concerns like workforce well-being, the shift to remote work, finance availability and the resiliency of operations and supply chain, cyber criminals are making the best use of the situation considering that the focus on cyber security is being overshadowed and thus risks are rising.

The study highlights that the rapid shift to remote work has opened new loopholes for cybercriminals to exploit. As people congregate on cloud-based productivity platforms the malicious actors launch schemes to exploit the situation, including hacking into and disrupting live meetings. In its report, IBM has also suggested counter measures to combat the attacks by creation of a Cybersecurity Incident Response Plan (CSIRP) to handle security incidents, particularly amid the current crisis.

Furthermore, the report highlights the top five cybertech trends as building end-to-end security protection from device level to the network for remote systems, enhancing digital trust, securing content, securing operations centre and re-prioritising risk assessment.