Data breaches have become a common fact of life over the past few years with regular news reports about incidents at big retailers, banks and other well-known companies.
Most people only hear about the largest breaches; however, companies across all industries and sizes continue to face persistent threats to their data from hackers and malware.
There has been a sharp increase in hacking and malware attacks on financial institutions in the first six months of 2016, particularly those aimed at small banks and credit unions, according to a recent report from Beazley Breach Response (BBR) Services on data breaches in the first half of 2016. In 2015, hacking and malware attacks accounted for 27 percent of financial institution breaches handled by Beazley; in the first half of this year, that rose to 43 percent.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
- Educational webcasts, resources from industry leaders, and informative newsletters.
- Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
