Cyber attacks on finance increased sharply during pandemic – BIS

cyber-attack

The Covid-19 pandemic has seen a spike in cyber attacks on financial services firms, new research from the Bank for International Settlements says.

Iñaki Aldasoro, Jon Frost, Leonardo Gambacorta and David Whyte note in the latest BIS bulletin that Covid-19-related attacks “grew with the spread of the pandemic”, from fewer than 5,000 per week in February to more than 200,000 per week in late April. 

“They rose further by around one-third in May and June compared with March and April,” the

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