NetDiligence reported that 98% of cybersecurity claims from 2019-2023 were from small to medium-size enterprises (SMEs), but the 2% of claims from larger companies accounted for 51% of the overall cost. Ransomware and business email compromise (BEC) were the most common types of attack, responsible for 53% of claims in this period. The most affected sectors were professional services, manufacturing, financial services, retail and healthcare. The average cost of disruption was $487,000 for SMEs and $26 million for larger companies.
The True Cost of Focusing on Cost Instead of Cost-Effectiveness
When payors consider only the cost of the medication and not the cost and risk to the patient, doctor, and healthcare system, the irony is
