Emerging Bazarcall ransomware attacks reinforce cyber risk to SMEs

scam call centre

A more ’robust and joined up approach’ is needed to combat the risks UK businesses are facing from cyber attacks, such as those distributed by bogus call centres, says director

A new form of cyber attack has been targetting SMEs with methods that may not set alarm bells ringing for those not in the know.

In mid-July, specialist cyber MGA CFC Underwriting warned the industry that this emerging ransomware attack – dubbed BazarCall –  was targeting small businesses.

BazarCall uses call centres to distribute malicious Excel files that install BazarLoader malware on the user’s advice – which is where the attack gets its name.

Explore more insight content here

You need to register to continue reading the rest of this article and more for free.
(If you’re already registered, please sign in here.)

REGISTER NOW FOR FREE

We’re glad you’ve chosen Insurance Times as your source for industry news and hope you’ve been enjoying reading articles from our award-winning team of journalists.

Gain access to more of our exclusive, breaking stories, interviews and news analysis as it happens. Registering is quick, easy, free, and will also have the additional benefits:

  • Uncover Secrets: Dive deep with exclusive annual reports, fueled by expert insights.
  • News That Matters: Award-winning coverage & analysis, delivered to your inbox.
  • Stay Ahead, Your Way: Daily or weekly - choose your news rhythm.
  • Own Your Learning: Curate your knowledge with a personalized library.

Stay on top of the insurance game with our subscription! Get unlimited access to over 80,000 articles, in-depth analysis, exclusive reports by industry experts, and our Five-Star rating system to compare companies and find the best fit for your business needs - view subscription options.