Social engineering fastest rising cause of data breaches
Beazley report reveals hacking and malware attacks are also on the rise for financial institution firms.
Social engineering attacks on financial institutions have risen rapidly in the first three quarters of 2017, according to a report by Beazley.
In its third quarter 2017 Breach Insights report published on 25 October the insurer revealed that scams involving deception now account for nine percent of data breaches reported by its clients.
According to the specialist provider, social engineering attacks only caused one percent of the incidents handled by Beazley Breach Response (BBR) Services in
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