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What’s driving rising ransomware attacks

Ransomware attacks are expected to rise by 25% by the end of 2023, driven by the evolving tactics of cybercriminals, according to Allianz. This type of attack remains the largest source of cyber insurance claims. Cyber criminals are increasingly using data exfiltration techniques, raising the costs associated with these cyber attacks. The Canadian Centre for Cyber Security noted that these attacks are becoming more common and sophisticated, targeting personal and financial data.

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