Excerpt - In the past year, we've seen a 437% increase in ransomware attacks, with many of those breaches occurring after a merger or acquisition announcement. Typical ransomware attacks can cost tens of millions of dollars for a larger firm due to ransom demands, loss of revenue, legal fees, incident response costs, hardware/software replacement, and increased cyber insurance premiums. Company owners, CEOs, and boards of directors are also now being held personally liable for a lack of security oversight following a breach.
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