How Covid-19 is Creating New Opportunities for the Internet Industry

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The Internet is one of the industries that felt the pandemic’s effect in full-force, as it had to withstand the sudden surge of users to the online space. That said, alongside the difficulties it posed, the unforeseen circumstances have simultaneously paved the way for increased network security, accelerated IoT adaptability in supply chains, as well as significantly pushed cloud adoption across a multitude of sectors.

Vincentas Grinius, CEO at IPXO, and Žilvinas Vaičkus, Head of Infrastructure at IPXO,  an IP resource management company, have elaborated on these prospects and how they will continue to shape the industry.

Security patch-up

The pandemic brought along a staggering wave of cyber threats: spikes in e-mail and phishing scams, a 400 percent jump in RDP (remote desktop protocol) attacks, personal account hacking, and re-selling via the dark web, and others. While this undoubtedly raised a lot of red-flags as to how novel threats could be mitigated, it also exposed gaps that were previously overlooked or simply deemed non-priority. This called market players to fortify their security measures, as well as patch up old frailties, for a well-rounded cyber resilience.

“The growing intensity of malware attacks quickly exposed all of the underlying security gaps that have been previously neglected. This was a wake-up call for many, showing that cybersecurity is not one of the things you can compromise on,” said V. Grinius. “We’ve noticed the surge of attacks too but they were halted in their tracks, as we continuously enhance our safeguards. Now, with more companies re-evaluating and upgrading their security, the network went through sort of a patch-up, which will also help to navigate through the risk landscape going further.”

Ž. Vaičkus noted the situation paved the way for embedding cybersecurity knowledge into the company culture, which will help uphold higher security standard hereafter. “It has become an ‘all hands on deck’ situation, showing that cybersecurity is not exclusively dependent on chief information security officers, rather the entire team. Especially when the majority of it is working remotely,” said Mr Vaičkus.

“At-home…

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