Companies should make rapid detection and development of response time a cybersecurity priority

Hackers are increasingly targeting IT and physical supply chains, launching mass cyberattacks and finding new ways to extort money from small and large businesses. In most ransomware attacks, personal or sensitive commercial data is stolen in order to extort money. Incidents are becoming more complex and costly, and the potential for reputational damage to companies is greater. Allianz Commercial has analyzed large amounts of cyber damage and found that the number of cases involving data breaches is increasing every year – the 40 percent figure measured in 2019 has doubled to nearly 80 percent in 2022, and the 2023 figure will be even more significant. will be higher.