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In the second quarter, research from security awareness training experts KnowBe4 reveals that COVID-19-related scams ranging from social media posts, smishing (text message phishing) and email phishing have skyrocketed during this time. (Credit: Shutterstock) In the second quarter, research from security awareness training experts KnowBe4 reveals that COVID-19-related scams ranging from social media posts, smishing (text message phishing) and email phishing have skyrocketed during this time. (Credit: Shutterstock)

The number of incidents involving ransomware reported to Beazley Breach Response (BBR) Services in the first quarter of 2020 increased by 25% compared to the fourth quarter of 2019. While all industries took a hit, manufacturing experienced the steepest increase of all, up 156% quarter on quarter.

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Denny Jacob

Denny Jacob is an associate editor for NU PropertyCasualty360. Contact him at [email protected]

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