The Federal Bureau of Investigation, Internet Crime Report 2021, received reports of potential losses exceeding $6.9 billion from cybercrime and nearly 4,000 complaints attributing to ransomware alone, costing more than $49 million in financial loss. It’s no secret that ransomware and security incidences have increased drastically over the years with zero indication of decline. According to Cybersecurity Ventures Report, it will continue to rise 15% year over year.
Cybercriminal tactics have consistently evolved since the onset of the COVID-19 pandemic. The attacks target every industry and have increased in frequency, size, and sophistication. Cyber breaches continue to cause business disruptions, compromising a company’s reputation when customer data is at large – on top of significant financial loss. When cyber incidents occur, organizations scramble and struggle to remediate, and some never recover.
READ THE FULL ARTICLE BY MELISSA AARSKAUG IN THE 2022 FALL EDITION OF GAMING & LEISURE MAGAZINE.