Analysis

Beazley Report Shows Need For Broad Ransomware Coverage

Law360, Los Angeles (October 27, 2016, 9:04 PM EDT) -- Data breach insurer Beazley issued a report Wednesday projecting a fourfold increase in ransomware attacks among its clients over last year, highlighting the growing threat of cyber extortion and serving as a warning to policyholders to ensure they have sufficiently broad insurance coverage to cover ransom payments and response costs, experts say.

The report, which analyzed 1,500 data breaches that Beazley Insurance Co.'s breach response services unit handled in the first nine months of the year, found an explosion in the quantity of attacks attributable to ransomware, a type of malicious software designed to lock companies out of their computer systems...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!