“As digital technologies introduce new vulnerabilities faster than they can be secured, the prospect of beating cyber attackers at their own game diminishes.” for Accenture.Ransomware is software that blocks access to a computer system or data to extort ransom payments. In 2017, the biggest ransomware attack robbed $133m from large companies. In 2019, organizations lost more than $7.5bn worldwide. Over 50% of large organizations were hit in 2020, with 73% of attacks being successful. Considering downtime and restoring tasks, remediation costs can be up to $1m per attack.Despite big companies claiming to be protected, nothing seems to stop the rise of cybercrime. Could big digital companies be pushed to bankruptcy?
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