Protect Wealth with Cyber Liability Insurance’s Ransomware Benefits

The Growing Threat of Ransomware

Ransomware attacks have surged in recent years, with businesses across various sectors falling victim to these malicious schemes. According to a report by Cybersecurity Ventures, global ransomware damages are predicted to cost $265 billion by 2031¹. These attacks can lead to significant financial losses, operational disruptions, and reputational damage, making it critical for businesses to have a robust protective strategy in place.