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Ransomware gangs that lock up companies data demanding payment may cost firms $20 billion this year.
Companies are using cyber insurance to help pay ransoms because cybersecurity has no easy answers.
Gangs, many located in Russia, and using their loot to invest in AI and other tools to be more effective.
The world is getting better at paying off ransomware gangs.
Ransomware
gangs are getting better at everything else.
A vicious cycle is fueling ransomware, one of the world s worst cybercrimes, in which criminals seize control of companies computer networks, encrypting their data with secret codes. Companies paralyzed by the attacks paid hackers an average of $312,493 in 2020 – triple the average of the year b ....

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