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BEC overtakes ransomware and data breaches in cyber-insurance claims

Posted on September 3, 2019 by Dissent

Catalin Cimpanu reports:

Business email compromise (BEC) has overtaken ransomware and data breaches as the main reason companies filed a cyber-insurance claim in the EMEA (Europe, the Middle East, and Asia) region last year, said insurance giant AIG.

According to statistics published in July, AIG said that BEC-related insurance filings accounted for nearly a quarter (23%) of all cyber-insurance claims the company received in 2018.

Read more on ZDNet.

Category: Commentaries and AnalysesMalwarePhishing

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