Beazley sees hacking and malware threat growing for financial institutions

Beazley, a leading provider of data breach response insurance, today released its Beazley Breach Insights – July 2016 findings based on its response to client data breaches in the first six months of 2016. The specialized Beazley Breach Response (BBR) Services unit noted a sharp increase in hacking and malware attacks on financial institutions in the first six months of 2016, particularly those aimed at small banks and credit unions.