“Singapore’s Circuit Breaker period in 2020 provided an opportune timeframe for threat actors to launch phishing attacks as they seek to exploit the users’ anxiety, fear, and curiosity through social engineering tactics,” says the cybersecurity company in its Cyber Threat Landscape 2021 report.
The market sell-off induced by the pandemic was a good opportunity for investors to pick up good stocks cheaply. It was also an effective time for cybercriminals to launch attacks.
According to Temasek-linked Ensign InfoSecurity, almost all phishing campaigns detected in Singapore last year were Covid-19-themed.
