Analysis

Cyber Focus: Data exfiltration boosts ransomware risks with reputational threats

By 2020-08-19T11:48:00

data theft

Brokers need to adopt a proactive role in assessing commercial clients’ digital security as cyber insurance morphs into a hybrid of preventative risk management services and responsive claims investigation to tackle evolving cyber threats

Since Q4 last year, cyber insurance industry professionals have spotted a worrying new trend gaining traction, where data exfiltration – the theft of sensitive organisational information by an employee or third-party – is used in conjunction with ransomware to deliver a heavy hitting, bribery-based blow to commercial victims.

But what can brokers and insurers do to combat this new threat and help prepare clients for a potential attack?

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