Cyber Attacks Hitting the Canadian Accounting Profession During Pandemic
In the midst of this pandemic wherein the whole world is battling with COVID-19, there are several fields wherein we can feel the repercussions of it. Recently, it was the Canadian accounting profession that seems to be at the receiving end.
As the pressure on the digital system is immense with several physical offices shutting down and work from home becoming the new norm, there has been a sharp increase in cyber attacks. Owing to the increased pressure on offices to go online, the security aspect seems to have been compromised vehemently. Let us see how the Canadian accountants seem to have fallen a victim to it.
The Problem of Email Phishing
You must have heard of the term email phishing. It is the way by which hackers try to extract important, sensitive, and confidential information from people by sending emails that look like they are from official companies. Hence, the identity of the sender is forged with the aim of stealing confidential data.
As innumerable companies have chosen to go online, the pressure to preserve the security is too much. When the right precautionary measures are not taken, hackers make the most of this opportunity and they try to send emails to the clients asking them for confidential data.
As several clients ended up sending their data thinking that it was their accountants demanding it, they ended up losing a significant amount of their money. This is why clients lost faith in their accountants and this whole situation brought their careers into jeopardy.
This is not all as there are too many people who have been scammed. However, with social distancing becoming the new norm, it is more important than ever to come up with the right strategies to battle issues like email phishing.
While there is bad news about the growing cyberattack, one cannot undermine the good work done by companies like Ejaf Tech who are offering smart and reliable solutions to fight amidst these problems.
This company has several IT solutions and services. They also carry out network penetration testing. With this testing set, they check the vulnerability of the system and offer the right measures to remedy the situation.
While there is no guarantee as to how long will the COVID pandemic lasts, it is important that we do our bit to ensure that we can put a fight against mail phishing, cybercrime, cyber theft, and more.
Another possible way to avoid phishing is to make smart use of Valimail defend. This is a method by which the organization has complete control over who is allowed to send emails to the employees. So, all emails from untrusted sources are automatically blocked.
Canadian accountants are just one set of victims who have been unlucky enough to be at the receiving end. There are tons of other people whose identity can be forged and confidential data be stolen from people. With this data, hackers can steal massive amounts of money and render even affluent people bankrupt.
So, it is time to act quickly and be smart and choose the right network security measures and be alert while still adapting to the new online norm of living. It is definitely hard and the road may be filled with hardships, but it is doable.