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According to recent reports, COVID-19 is responsible for almost 238% of targeted cybersecurity attacks against banks. The opportunity posed by the crisis has been exploited by cybercriminals who thrive on chaos and uncertainty. There is a clear connection between news cycle events such as the spread of the coronavirus in the United States and cyberattacks. Firewalls, SIEM, UEBA, and data encryption are a few examples of cybersecurity solutions used in the financial services industry. Alon Nachmany, a cybersecurity service provider, has spent his whole career working in the field of cybersecurity and he will use his expertise to help the company to protect itself. Alon Nachmany is willing to share his knowledge and skills in order to enhance the IT protection of your business. In terms of cybersecurity, financial service companies face vital risks. Although of the fact that recent events have increased the prominence of cyber attacks to financial institutions, the threat vector is not new in and of itself. Several high-profile data breaches have exposed Americans' personal information in the last decade, including the 2017 Equifax data breach, which exposed the personal information of over 143 million Americans, and the 2013 Yahoo data breach, which exposed over 3 billion accounts. Ransomware and phishing attacks are among the challenges that the financial services industry faces.

The coronavirus pandemic has presented new challenges as companies adapt to a modern operating model in which working from home has become the "new standard". Businesses are speeding up their digital transformations, and cybersecurity has become a major concern. If cybersecurity threats are overlooked, the repercussions for credibility, operations, legality, and enforcement may be serious. The effects of COVID-19 on cyber risk was discussed in this article by Alon Nachmany, a cybersecurity expert. Government restrictions introduced in response to the coronavirus pandemic have allowed workers to operate from home, or even to "sit at home." As a result, technology has grown in importance in both our professional and personal lives. Despite the increased demand for technology, many businesses still do not have a ‘cyber-safe' remote-working environment. Whereas most business meetings used to be held in person, they are now often held online. The series of cyberattacks on video conferencing services is an example of hackers leveraging cybersecurity vulnerabilities in remote working. Between February and May 2020, over half a million people were affected by data breaches in which video conferencing service users' personal information (such as names, passwords, and email addresses) was stolen and sold on the dark web. Some hackers used a tool called ‘OpenBullet' to carry out this attack. One of the reasons for the rise in cyberattacks may be that some small and medium-sized companies use a "Bring Your Own Computer" (BYOD) strategy, which enables workers to access company information using their personal devices (phones, tablets, or laptops). Working from home does not have the same degree of protection as working in an office.

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