Whether the targets are direct deposits, W-2s, hospital records or data being held for ransom, the danger of being hit by a cyberattack is on the rise, and businesses need to be on their best game to protect themselves.

That's according to the April 2017 issue of Beazley Breach Insights, which reports that the "new thing" in 2017 is hackers' efforts to target direct deposit funds.

The report says that hackers resort to phishing to gain access to employee e-mail accounts; they then change the employee's direct deposit account details.

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