According to the Coalition’s 2022 Cyber Claims report, ransomware claims severity appeared to be leveling off in the second half of 2021, but smaller businesses suffered disproportionately from a 56 percent increase in average claim cost and a 40 percent increase in ransomware events. The average ransom demand increased by 20% to $1.8 million, but… Continue reading Small Businesses Hit Hard in 2021 with 56% Rise in Average Cyber Claims Cost
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