‘Surge in Cyberattacks, COVID-19 Collides with 2020 U.S. Presidential Election’

Bit Ninja

The cybersecurity challenges of the global pandemic are now colliding with the 2020 U.S. presidential election resulting in a surge of cyberattacks, according to VMware’s Global Incident Response Threat Report.

Tom Kellermann
“The disruption caused by COVID-19 has created a massive opportunity for cybercriminals to restructure their businesses,” said Tom Kellermann, Head of Cybersecurity Strategy, VMware Carbon Black.

“The disruption caused by COVID-19 has created a massive opportunity for criminals to restructure their businesses,” said Tom Kellermann, Head of Cybersecurity Strategy, VMware Carbon Black. “The rapid shift to a remote world combined with the power and scale of the dark web has fueled the expansion of eCrime groups. And now ahead of the election, we are at cybersecurity tipping point, cybercriminals have become dramatically more sophisticated and punitive focused on destructive attacks.”

The latest VMware Global Incident Response Threat Report is entitled entitled: ‘The Cybersecurity Tipping Point: Election, COVID-19 Create Perfect Storm for Increasingly Sophisticated Cyberattacks.’

The key survey findings from IR and cybersecurity professionals include:

  • Incidents of counter IR are at an all-time high, occurring in 82% of IR engagements – suggesting the prevalence of increasingly sophisticated, often nation-state attackers, who have the resources and cyber savvy to colonize victims’ networks. Destructive attacks, which are often the final stage of counter IR have also surged, with respondents estimating victims experience them 54% of the time.
  • 55% of cyberattacks target the victim’s digital infrastructure for the purpose of island hopping – The pandemic has left organizations increasingly vulnerable to such attacks as their employees shift to remote work – and less secure home networks and devices.
  • Custom malware is now being used in 50% of attacks reported by respondents – This demonstrates the scale of the dark web, where such malware and malware services can be purchased to empower traditional criminals, spies and terrorists, many of whom do not have the sophisticated resources to execute these attacks.
  • As we approach the presidential election, cybersecurity remains a top concern and nation-state attackers pose a significant threat – Drawing upon their security expertise – and in line with recent advisories from Cybersecurity & Infrastructure Security Agency (CISA)[1] – 73% of respondents believe there will be foreign influence on the 2020 U.S. presidential election, and 60% believe it will be influenced by a cyberattack.

Data for the VMware cybersecurity report is based on an online survey of eighty-three incident response (IR) and cybersecurity professionals from around the world in September 2020.