Description: Ransomware attacks are dominating news headlines. Attacks are growing more sophisticated by the day. And ransom payments are causing leaders to lose sleep as they grow larger exceeding $1 billion in 20231 . This ransomware reality check is a wake-up call for organizations of all sizes. As attackers utilize generative AI to carry out more complex attacks and effective negotiations, ransomware remains a formidable threat to digital business in 20242 . The SEC’s new requirement for public companies to disclose material attacks promises deeper insight into the far-reaching impact of this lucrative cybercrime.
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