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The insurance industry's most common focus on ransomware: Report



The insurance industry was the most common focus on ransomware attacks in the first half of this year, while the total number of cyber attacks increased by 125%, according to an Accenture PLC report released on Wednesday.

The report from Accenture's cyberattack investigation, forensics and response unit is based on data obtained from Accenture clients.

Ransomware was the most common malware by category, accounting for 38% of attacks, followed by backdoors, which allow criminals to bypass normal authentication channels and gain remote access, accounting for 33% of the total, the report said.

Insurance accounted for 23% of industrial ransomware attacks, followed by consumer goods and services (1

7%) and telecommunications (16%), according to the report.

54 percent of ransomware attacks were against companies with between $ 1 billion and $ 9.9 billion in revenue, followed by companies with between $ 10 and $ 20 billion in revenue, with 20%.

"Despite increased awareness, government action and industry cooperation, ransomware is likely to remain one of the best threats to companies globally," the report said. "If anything, it has entered a new phase when threatening actors adopt stronger pressure tactics and use opportunistic intrusion vectors."

Five industries accounted for more than 60% of all cyber attacks in the first half of this year: Consumer goods and services, 21%; industrial, 16%; bank 10%; travel and hospitality, 9%; and insurance, 8%.

The United States was the area most affected, accounting for 36% of the total number of attacks, followed by the United Kingdom, with 24%.

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