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All about Virtualization and Cloud Security | Recent Articles:

37% of Ransomware Attacks Targeted Healthcare Organizations in Q3, Cyber Insurer Says

Nov 07 by Luana Pascu

While industry reports claim ransomware attacks have dropped, cybersecurity insurance company Beazley Breach Response (BBR) Services has reported otherwise. According to businesses benefiting from its insurance deals, there has been a surge in the number of reported ransomware attacks, especially in September, when incidents nearly doubled from a month earlier.

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Businesses Worldwide Expected to Spend $9 Billion on Cyber Insurance by 2020

Sep 17 by Luana Pascu

Cybercriminals have unwittingly created an impressive, and legal, money-making opportunity – cyber insurance. The cyber insurance market is about to become huge, as experts believe companies will double their spending by 2020 to some 8 billion – 9 billion dollars compared to last year’s average of 3.4 –billion 4 billion, Munich Re, the world’s leading German reinsurance company, recently announced.

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