Premium target -- why insurance companies are so attractive to hackers [Q&A]

The Scattered Spider group seems to have switched from high-profile attacks on UK retailers to new campaigns targeting the insurance sector. The group has recently been linked to ransomware incidents affecting US-based Philadelphia Insurance and Erie Insurance, which operates in both the UK and the US. We spoke to Danny Howett, technical director at global cybersecurity consultancy CyXcel, to discuss why insurance is such an attractive target and some practical steps insurers can take to shore up their defences against increasingly organised cybercriminals. BN: What specific types of data held by insurance companies make them such a prime target for cybercriminals?… [Continue Reading]