BEC Overtakes Ransomware and Data Breaches in Cyber Insurance Claims
According to insurance company AIG, business email compromise (BEC) has overtaken ransomware and data breaches as the main reason companies filed a cyber-insurance claim. According to statistics published by the company in July, which was for the EMEA (Europe, the Middle East, and Asia) region, BEC-related insurance filings accounted for nearly a quarter (23%) of all cyber-insurance claims the company received in 2018.