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Acronis, a firm that offers cybersecurity protection for IT infrastructure, has made a study and concludes that ransomware attacks will cause $30 billion in damage to governments across the world by 2023 and the estimate might double by the year 2026.
It could grow up to nearly $300 billion by 2026. A single breach can cost a company millions or billions of dollars as a result of stolen information, infrastructural damage, and fines due to losing customers' private information. One easy example is antivirus. Your organization has likely experienced this increase, as well.
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