Beazley Insurance Breach Insights: "Ransomware Attacks Skyrocket"

Ransomware attacks skyrocketed in the first quarter of 2019, according to the Beazley Breach Response (BBR) Services team, which reports a 105% increase in the number of ransomware attack notifications against clients compared to Q1 2018.  Not only has the frequency of attacks increased, but attackers are shifting focus, targeting larger organizations and demanding higher ransom payments.

While ransomware-as-a-service (RaaS) attacks remain commonplace and tend to hit unsuspecting small businesses, sophisticated attack groups associated with Ryuk and Bitpaymer ransomware variants are targeting larger organizations through phishing emails and tricking users into deploying banking Trojans.



Beazley recommends that organizations can help their people to stay alert to the risks with these simple measures:

- Alert employees to the current flood of phishing attempts using our employee training tip sheet on banking Trojans.

- Regularly train employees not to open unsolicited attachments and links, particularly from unknown sources; not to allow macros to run; and to be suspicious of links leading to web pages that ask for login credentials.

- Train employees not to store any personal login information on their computers, even through their browsers.

Full article here:

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Topics: Ransomware

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