Ransomware attacks can have long-term financial consequences for companies beyond the immediate costs of the ransom, according to IBM’s Cost of a Data Breach Report. The impact can include legal and insurance fees, regulatory fines, recovery costs, and reputational damage. A breach can significantly impact company earnings and stock prices. Most companies see a drop in net income and stock prices following a breach. A major part of reducing these effects lies in being proactive and open about the breach.
Beware! Fake AI Video Generation Platforms Drop Stealer Malware on Your Computers
Cybercriminals are exploiting the popularity of AI tools by creating fake platforms that promise advanced image and video editing. Users upload personal media, receiving malware
