Ransomware Attacks Jump 50 Percent, but Accidental Breaches a ‘Major Problem’

Ransomware attacks rose during the first half of 2017, accounting for 32 percent of attacks and up 50 percent over the first half of 2016, but employee error and third-party risks were close behind at 30 percent, according to a recent Beazley Breach Response report.

During the first half of 2017, Beazley’s team handled 1,330 attacks for which hacking and malware events represented the dominant cause. However, the firm cited accidental breaches by employees and vendors as a “major problem.” In the hardest-hit sector, healthcare, accidental breaches accounted for 42 percent of events, well ahead of all other causes of loss.

Read more at https://www.advisenltd.com/2017/08/03/ransomware-attacks-jump-50-percent-accidental-breaches-major-problem/

Erin Ayers, Ransomware attacks jump 50 percent, but accidental breaches a ‘major problem’ (August 3, 2017), available with subscription at Advisen Cyber Front Page News.

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