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Tuesday, May 7, 2024

Cyber threats on the rise amid digital transformation

Ms Chen says cybercriminals are launching more attacks.

The pandemic is propelling changes in the cyber landscape which now requires a holistic outlook by cybersecurity operators, says Trend Micro, a global cybersecurity firm.

“The pandemic is accelerating digital transformation and this is leading to a spike in the number of cybercriminals launching broadened attacks in this super-connected cyberspace,” Trend Micro co-founder and chief executive Eva Chen said in the virtual conference called “Trend Micro Perspectives 2021”.

Cybersecurity solutions need to be transformed, she said.

In 2020, the United States Federal Bureau of Investigation (FBI) received more than 2,000 complaints every day about cybercrime. The number of complaints surged 69% year-on-year with a total loss of US$4.2 billion (130.7…

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