Cyber risk trends driving the surge in ransomware incidents

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During the COVID-19 crisis, another outbreak took place in the cyber space: a digital pandemic driven by ransomware. In a recent report, Allianz Global Corporate & Specialty (AGCS) analyzes the latest risk developments around ransomware and outlines how companies can strengthen their defenses with good cyber hygiene and IT security practices.

The increasing frequency and severity of ransomware incidents is driven by several factors:

- Growing number of different attack patterns such as double and triple extortion campaigns

- Criminal business model...

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