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Cyber insurance update. “In the more sophisticated attacks, we have also seen ransom demands increase significantly, up to as high as $2.8 million,” Beazley researchers report in the firm’s October 2018 breach insights report. (Shutterstock)

The number of reported ransomware incidents is on the rise, according to Beazley breach insights for October 2018. The report also details how cyber attacks are becoming more diverse, and outlines some steps businesses can take to mitigate this growing threat.

Rosalie Donlon

Rosalie Donlon is the editor in chief of National Underwriter Property & Casualty magazine and PropertyCasualty360.com. You can contact her at rdonlon@alm.com.

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