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Ransomware’s Global Price Tag To Hit $20B By End Of 2021

Don’t be lulled into a false sense of security when it comes to ransomware. It doesn’t just happen to other companies. Consider that data from Cybersecurity Ventures shows the global financial cost of ransomware in 2021 will reach $20 billion.

And experts estimated that a ransomware attack will take place every 11 seconds in 2021, a significant increase in frequency when they occurred “only” once every two minutes in 2016.

Heed the warning. Read this update from the SoS Daily News for more information and tips on preventing an attack on your organization.

Continuity Insights

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