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Ransomware remains high on the list of cyber threats that organizations, both large and small, must prevent and respond to every month. A new bout of ransomware has rolled in with 2020, including sophisticated new threats that target both businesses and government institutions. The Beazley Group’s 2019 Beazley Breach Briefing found that small-to-midsized businesses are at the largest risk because they tend to spend less on information security.

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Coronavirus-related cyber threats are the big news in this edition of Threat Intelligence, as cyber criminals exploit the public's fear of this disease. Also, tax season cyber risks, new ransomware attacks, Emotet Trojan scams and other cyber threats are included in the report. 

Risk management, liability, and work comp considerations related to COVID-19

As concerns about containing the spread of the COVID-19 (coronavirus) outbreak continue to grow around the world, and particularly here in the U.S., a careful review of your business continuity plans and risk management strategies — as well as any related liabilities and insurance policies — should be included in your readiness and response preparations. Here we’ll address some of the most frequently asked questions from our clients on risk management, liability, and workers’ compensation in connection with a potential pandemic outbreak. These questions and answers may change based on new guidance and developments.