Ransomware and Data Breaches

Ransomware has had quite an upswing in recent years, costing the world $20 billion in 2021 and in 2023 the projected damages from ransomware are expected to exceed $30 billion worldwide. Cases of ransomware have been increasing at an alarming rate to become one of the leading threats to thousands of businesses, organizations, and governments around the world. This trend shows very little sign of slowing down and will only increase in the coming years as access to hacking tools on the internet and dark-web becomes easier than ever before.