Beazley reports 131% ransomware spike and warns Covid-19 will heighten cyber risk

Ransomware attacks surged 131% in 2019, according to Beazley, which has warned that cyber risks could be exacerbated by employees working from home during the Covid-19 pandemic. Beazley Breach Response Services (BBR Services), which bases its data on breaches reported by corporate clients, said ransom sums demanded by criminals also increased, with cases of seven- or even eight-figure demands. There…

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