
It’s more than just hackers who benefit from ransomware attacks. Today, the US cyber insurance industry is an estimated $7 billion to $8 billion-a-year market — and it’s only growing from here. Corporations, local governments, police departments, schools and others are increasingly forced to perform cost-benefit analyses on paying ransoms to hackers due to pressure from their own insurance agencies. In one case, a city spokesperson commented, “At the end of the day, it really boils down to a business decision on the insurance side of things: them looking at how much is it going to cost to fix it ourselves and how much is it going to cost to pay the ransom.” It may not be the morally correct position, but it’s a valid point.
Advanced Web Application Firewall (WAF)
Protection for today's new breed of cyber threats. Trusted by Chase Bank, JetBlue, Starbucks, & more.
Related Articles
How ESS Helps Push CAPEX into OPEX While Lowering TCO
Transforming CAPEX (capital expenses) into OPEX (operational expenses) is a great way to spread expenses out over time. To help our clients achieve this goal while reducing their TCO costs, Rahi Systems now offers our signature ELEVATE services as a subscription-based...
Closing the Digital Divide: How Broadband Benefits Families & Their Communities
Recent global events have brought the issue of the digital divide to the forefront, highlighting how a reliable, high-speed internet connection has become essential for participation in everyday life. How the Digital Divide Holds Americans Back Many Americans...
The Bird Rock Systems 2021 Guide to Cybersecurity Trends & Threats
Many of us are looking forward to putting 2020 behind us. As we turn our attention to 2021, it’s critical that organizations in all verticals take time to prepare themselves for the challenges and potential cybersecurity attacks 2021 is likely to bring. Familiar...
0 Comments