BEC Overtakes Ransomware And Data Breaches In Cyber-Insurance Claims

By   ISBuzz Team
Writer , Information Security Buzz | Sep 03, 2019 04:43 am PST

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, ZDNet reported.