Ransomware attacks are soaring in numbers, and they target both companies as well as individuals. In 2023, ransomware was found to represent 70% of all reported cyberattacks globally, where 317 million ransomware attempts were reported worldwide.
Ransomware could potentially cripple operations, leave sensitive information vulnerable, and cause staggering amounts of monetary loss. Cybersecurity Ventures have put out projections that by 2031 the global economic damages of ransomware alone could be up to 265 billion dollars.
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