Cloud-based office solutions becoming common targets for cyber criminals: Beazley

A “large majority” of breaches involve Office 365, specialist insurer says

Cloud-based office solutions are becoming an increasingly popular target among cyber criminals, according to the latest Beazley Breach Insights Report.

The majority of incidents involving compromised business email accounts reported to the specialist insurer’s breach response services team during the first quarter of 2018 involved companies using cloud-based programs. Beazley says a large majority of these attacks involved businesses using Microsoft Office 365.

These hack and malware breaches represented 13% of the incidents reported to Beazley from January through March. The sectors most affected were financial services, healthcare and professional services.

“The number of compromised email accounts is accelerating but simple steps such as frequently changing passwords, having dual-factor authentication and removing auto-forwarding or auto-delete rules can help reduce vulnerabilities,” said Katherine Keefe, global head of Beazley Breach Response Services.

Canadian Insurance Top Broker is now on Facebook ( as well as LinkedIn ( and Twitter ( Follow us for easy access to the top P&C news you need to know.

A TC Media site,
Business Solutions

TC Media

Transcontinental Media G.P
1110 René-Lévesque Bldv W.
Montréal, QC H3B 4X9
(514) 392-9000