Are Cyber Threats Growing With Inflation?

According to the Depository Trust and Clearing Corporation (DTCC), cyber threats are seen as the greatest danger to global financial markets in 2022 alongside the pandemic and geopolitical tensions.
Online customers and website operators face a list of technical and logistical problems that stretch across every industry.
In 2022, increased cyber-attacks and inflation will test companies’ security protocols and their ability to adapt to an insecure financial environment. 
How Cybercrime Takes Advantage of Inflation
As the shortage of desired products increases, due to a faltering supply chain, so too does the number of shady websites offering suspiciously low prices or offering products not available anywhere else.
Companies purchasing products online and individual consumers should avoid poorly configured e-commerce platforms and be aware of third-party content. Any e-commerce platform that can be accessed by an external source should be viewed suspiciously.
A lot of companies online hurriedly launched their website during the pandemic. Since a good deal of these lack the proper security or have not been maintained correctly, they are vulnerable to a significant number of cyber threats. 
As inflation continues to rise, more people will turn to lower-priced online products, giving cybercriminals an even greater chance to take advantage. In addition, online merchants are also facing higher costs due to inflation which might affect how much they spend on cyber security.
Cyber Threat Safety Tips
Before making an online purchase, be sure the merchant is legitimate. 

• Make sure not to click on phishing emails. These will usually contain a URL that looks something like; “www [dot] amazon.”
  
• Try typing in the URL yourself, and be sure to use different passwords for every site.
  
• Be sure to keep your software up to date. Updates remove vulnerabilities that hackers use to gain access. 
  
• Try using two-factor or multi-factor authentication. This additional layer of authentication, along with your username and password, is a must for business professionals.​