“In the last 30 days alone, we’ve seen an increase in cyber crime with more Clients falling prey to phishing scams*. Businesses need to review their cyber security and procedures, evaluate the adequacy of their limits, and certainly add coverage if none is in place. Alper works with carriers who provide cutting-edge protection to our Clients.”
– Bobette Puckett, Executive Vice President at Alper Services
Attacks that target business email accounts continued to increase in the second quarter of 2018, accounting for 23% of incidents reported to Beazley P.L.C. clients, the insurer said Tuesday in a report. This was particularly true for organizations using Microsoft Corp.’s Office 365, said Beazley’s breach response services unit in the Beazley Breach Insights Report. A Microsoft spokesman could not immediately be reached for comment.
London-based Beazley said in its report that email compromises totaled 184 during the second quarter compared with 173 during the first quarter of this year, 89 in 2017’s second quarter and just 45 during 2017’s first quarter.
“Business email compromises are efficient for the hacker because the compromise of a single account gives the hacker a platform from which to spear phish within and outside the organization. While these compromises can prove very expensive to a company that has been successfully attacked, they are also easily preventable,” says the report.
Read Stu Sjouwerman’s article, in its entirety for KnowBe4, by clicking here.
Contact your Account Manager at Alper to review your current cyber policy. Don’t have one? Email Bobette Puckett at BPuckett@AlperServices.com or call 312-867-7351.
*Phishing Scams – The use of fraudulent electronic communications or malicious websites to impersonate you or any of your products or services in order to solicit personal or confidential information.