Ransomware incidents and cyberattacks are rising, with criminals targeting IT and physical supply chains, according to Allianz. The number of cases where data is exfiltrated has soared, doubling from 40% in 2019 to almost 80% in 2022. Companies are almost three times more likely to pay a ransom when data is extracted. Early detection and response are key in mitigating the impact of cyberattacks.
“An Expensive Problem”: Cracking the Cyber Insurance Conundrum
Rampant ransomware attacks have hit the healthcare industry, with incidents increasing by more than 600%, costing an average of $10 million per breach. This has
