Data breaches, ransomware attacks and social engineering scams are becoming an everyday affair. Cyber incidents are also becoming more financially damaging with each passing year, making it harder for organizations to recover. The average cost of a data breach (at $4.45 million) has risen by 15% over the past three years, while the median recovery cost of a ransomware attack stands at about $1.82 million, excluding the cost of the ransom.To counterbalance these risks proactively and to…
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Source: https://www.dig-in.com/opinion/how-cybersecurity-and-insurance-can-reduce-risk