Insurance Business Magazine reports:
British insurers are bracing for an escalating wave of cyberattacks after one of the world’s most notorious hacking groups, Scattered Spider, has pivoted from raiding retailers to targeting insurance and financial services companies on both sides of the Atlantic.
Google’s Threat Intelligence Group has issued a fresh warning, saying it had identified multiple intrusions in the United States that bear the hallmark of the group’s highly tailored, sector-specific tactics. Analysts believe the threat actor is behind recent outages at Philadelphia Insurance Companies and Erie Insurance – two firms now grappling with widespread disruption and regulatory scrutiny.
“We are now seeing incidents in the insurance industry,” said John Hultquist, Google’s chief cyber analyst.
Read more at Insurance Business Magazine.
