Cyber insurance isn’t the answer for ransom payments

Ransomware remains an ongoing threat for organizations and is the largest single cause of IT outages and downtime as 41% of data is compromised during a cyberattack, according to Veeam. “Ransomware is endemic, impacting 3 out of 4 organizations in 2023. AI is now enabling the creation of smarter, more advanced security, but it’s also facilitating growth in the volume of sophistication of attacks,” said Dave Russell, SVP, Head of Strategy at Veeam. “Our report … More → …

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