Ransomware Attacks, Cloud Outages Among Top Concerns for Cyber Insurers: Aon Benfield

March 7, 2018

The rate of cyber extortion incidents continued to increase during the fourth quarter of 2017. In fact, despite a significant lag in reporting time, the total number of cyber extortion events recorded for 2017 so far already exceeds the total tallied from 2016, according to Aon Benfield’s latest Cyber Threat Insights report, and this trend is expected to continue into 2018.

Ransomware attacks accounted for more than 50 percent of the malicious message traffic and malware observed by security experts during the quarter, with perpetrators favoring social engineering techniques (i.e., manipulation) over exploit kits, as well as malicious URLs sent via phishing and strategic web compromise.

Among Aon Benfield’s other key findings: