Business
Travelers Publishes Cyber Threat Report Highlighting an Increase in Ransomware Activity
HARTFORD, Conn., March 06, 2025--The Travelers Companies, Inc. (NYSE: TRV) today released its Q4 2024 Cyber Threat Report, highlighting an elevated level of ransomware activity. The report, based on data collected from ransomware leak sites, showed an increase in the number of organizations that fell victim last quarter to ransomware groups, which used repeatable attack methods, such as targeting virtual private network (VPN) accounts that had weak credentials and were not protected by multifact
About this update from The Travelers Companies, Inc.
[{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":1024,"height":512,"url":"https://media.zenfs.com/en/business-wire.com/daf7489dfac363f52f08cea001f4447e"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/GNznu0l9pW2t96CncXRAjg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTQ4MDtjZj13ZWJw/https://media.zenfs.com/en/business-wire.com/daf7489dfac363f52f08cea001f4447e","width":960,"height":480},"lightbox":{"url":"https://s.yimg.com/ny/api/res/1.2/ef05KnBc7.QmLIgtrEE0mg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTIwNDg7aD0xMDI0O2NmPXdlYnA-/https://media.zenfs.com/en/business-wire.com/daf7489dfac363f52f08cea001f4447e","width":1024,"height":512}},"lazy":false},{"type":"text","content":"HARTFORD, Conn., March 06, 2025--(BUSINESS WIRE)--The Travelers Companies, Inc. (NYSE: TRV) today released its Q4 2024 Cyber Threat Report, highlighting an elevated level of ransomware activity. The report, based on data collected from ransomware leak sites, showed an increase in the number of organizations that fell victim last quarter to ransomware groups, which used repeatable attack methods, such as targeting virtual private network (VPN) accounts that had weak credentials and were not protected by multifactor authentication (MFA).","length":541,"tagName":"p"},{"type":"text","content":""Based on our observations, it’s clear that basic attack techniques are still highly effective for ransomware groups," said Jason Rebholz, Vice President and Cyber Risk Officer at Travelers. "These groups have been on the offensive, proactively hunting for targets and having significant success. It’s vital that businesses implement proven security controls, such as MFA, to make it far more challenging for malicious actors to carry out an attack on their organization. Travelers can help mitigate the risks."","length":531,"tagName":"p"},{"type":"text","content":"Travelers works with policyholders by customizing a cybersecurity readiness approach. It includes identifying any cyber vulnerabilities and addressing exposures through a range of pre-breach services, real-time monitoring and alert systems, and around-the-clock access to specialists who help businesses reduce the chance of suffering a cyber event, and recover quickly if an attack does take place.","length":399,"tagName":"p"},{"type":"text...