Ransomware Attacks Rise
Ransomware Attacks Rise

Ransomware Attacks Rise

Ransomware Attacks Rise

Ransomware attacks continued their rise in the first six months of 2017, with Lloyd’s of London insurer Beazley reporting that its clients reported an increase of more than 50% in incidents over the first half of 2016.
In its Beazley Breach Insights report for H1 of 2017, the group says that hacking and malware attacks–of which ransomware attacks form a growing part–continue to be the leading cause of breaches, accounting for 32% of the 1,330 incidents that Beazley Breach Response Services helped clients handle over the six-month period, GTNews reported.
However, accidental breaches caused by employee error or data breached while controlled by third party suppliers continue to be a major problem, accounting for 30% of breaches overall, only slightly behind the level of hacking and malware attacks. In the healthcare sector accidental breaches represent, by a significant margin, the most common cause of loss at 42% of incidents.
“This continuing high level of accidental data breaches suggests that organizations are still failing to put in place the robust measures needed to safeguard client data and confidentiality,” the insurer comments.
“Since 2014, the number of accidental breaches reported to our team has shown no sign of diminishing. As more stringent regulatory environments become the norm, this failure to act puts organizations at greater risk of regulatory sanctions and financial penalties.”
In June, the BBR Services team worked closely with the insurer’s clients to provide legal and forensics services in response to the international NotPetya ransomware attacks. “The ability to respond quickly to ransomware attacks is especially critical for healthcare organizations due to the (US) Office for Civil Rights treating all ransomware attacks as a presumed breach.


Short URL : https://goo.gl/2Fhoo3
  1. https://goo.gl/ef21AR
  • https://goo.gl/AZ3Gzb
  • https://goo.gl/7LpFjy
  • https://goo.gl/SHZw92
  • https://goo.gl/75uWgX

You can also read ...

Blue Economy Movement Gaining Traction in Africa
An increasing number of African countries are now embracing...
Japanese Prime Minister Shinzo Abe (C) speaks as European Commission President Jean-Claude Juncker (L) and European Council President Donald Tusk listen during  a joint press conference at Abe’s official residence in Tokyo on July 17.
Japan and the European Union signed a landmark deal on Tuesday...
The trade war began when Donald Trump introduced tariffs on imported steel and aluminum.
Rising trade tensions between the United States and the rest...
There are indications that investments in digital economy will...
The parliament approved a five billion pound start-up capital for the fund called “Egypt Fund”.
Egypt is setting up a sovereign wealth fund with a capital of...
Striking Amazon Employees in Europe Demand Better Working Conditions
Thousands of workers walked off their jobs on Tuesday at...
SNB to Raise Rates in 2019
The Swiss National Bank will continue tracking its eurozone...
Canada Growth Robust, Housing Sector Cooling
On July 13, the executive board of the International Monetary...

Add new comment

Read our comment policy before posting your viewpoints