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Home Offices Face Bigger Cyber Threat, Biden Top Economist Warns

Home Offices Face Bigger Cyber Threat, Biden Top Economist Warns

The trend of Americans working from home during the Covid-19 pandemic is increasing risks for U.S. companies as employees may be lax with their computer security, according to the executive selected to be President-elect Joe Biden’s top economist.

“We now are experimenting with an environment where companies have to massively disperse their workforces and operate on office networks remotely,” Brian Deese, named by Biden to lead the National Economic Council, said in an interview broadcast Wednesday by Freakonomics Radio. “The risk of operating from home offices in terms of cyber attacks is exponentially greater.”

The amount of phishing attacks against these dispersed office networks has increased almost 100% in the first half of 2020, Deese said in the interview, originally taped in June but just now released. Phishing is the use of phony emails that usually include an attachment that detonates malware when opened.

Deese, a BlackRock Inc. executive, also worked on Barack Obama’s 2008 presidential campaign and joined his administration in 2009. He was part of the task force charged with restructuring the automobile industry following the financial crisis and later became deputy director of the Office of Management and Budget.

The radio interview was conducted by Freakonomics Radio for an episode on plastics that never aired and was released following Deese’s appointment.

According to a Pew Research Center survey released this week, 71% of American workers who say they can do work from home are doing their jobs from home most or all of the time. Teleworkers are relying heavily on video conferencing services like Zoom, according to the survey.

©2020 Bloomberg L.P.