Ransomware attacks increased in terms of both severity and costs this year, forcing insurers to become more selective and even scale back on the cover they offer against cyber crimes, a report from a leading insurer showed. The total costs …
Insurance broker Marsh announced the appointment of Katherine Keefe as U.S. Cyber Incident Management leader. In this newly created role, Keefe will be responsible for leading Marsh’s efforts to assist clients responding to and managing cyber events, including data breaches …
There was a 25% spike in ransomware attacks in the first quarter of 2020 versus the fourth quarter 2019, based on incidents reported to in-house breach response team for insurer Beazley’s Breach Response (BBR) Services. While nearly all industries reported …
Specialty insurer Beazley, which offers data breach response insurance, said its specialized breach response unit saw ransomware attacks quadruple in 2016 and the insurer projects they will double again in 2017. Nearly half of these attacks occurred in the healthcare …
