Post by World Economic Forum

The global cost of cybercrime has soared in recent years. The average #ransomware attack now costs businesses almost $5 million. These are huge sums - but who’s paying? The answer is often insurance companies - but many businesses have come to see insurance as a form of #cybersecurity, argues Josephine Wolff, Professor of Cybersecurity Policy at The Fletcher School at Tufts University and that approach unfortunately benefits #cybercriminals. Here’s why. The World Economic Forum’s Global Cybersecurity Outlook 2026 finds that ransomware is the top concern for Chief Information Security Officers, for the second consecutive year. For more insights, and a comprehensive portrait of cyber in the year ahead, read it here: https://ow.ly/GmAs50YOWA5

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