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Cyber Heist Explosion: Average Attack Costs Skyrocket to $1.41M in 2023
Cyberattacks are draining wallets faster than a teen at a mall, with the tab now hitting a whopping $1.41 million per digital disaster. UK businesses, watch your data, or it might just ghost you! #CostlyCyberattacks
Hot Take:
As if the cost of living wasn't enough, now cyberattacks are demanding their premium too. Cybercriminals are upping their invoices, with the average cost per cyberattack hitting the million-dollar club at $1.41 million. Meanwhile, half of the UK businesses are playing digital dodgeball with data access issues. And guess what? The IT crystal ball forecasts a 90% chance of technical hiccups. On the bright side, generative AI is swooping in like a techy superhero, potentially boosting our cyber defenses, but also giving us more digital treasures to guard. And let's not get started on ransomware insurance; it's like having a leaky umbrella – you think you're covered, but when the storm hits, you're still getting soaked.
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