Reported ransomware attack notifications against Beazley PLC clients in the third quarter of this year increased 37% compared with a year ago, and small businesses were particularly vulnerable, the insurer said in a report issued Thursday.
Cyber criminals often use information technology vendors to pursue their activity, according to the report. Of the ransomware incidents reported, 24% were confirmed to be caused by a vendor managed service provider, according to the Beazley Breach Insights Report. read the rest here