Ransomware Attacks Cost Banks $6.08 Million on Average, Triggering Downtime and Reputation Damage

In an era where cybersecurity has become paramount, the banking and financial sectors are facing an alarming escalation in ransomware attacks. According to recent findings, each ransomware attack costs banks an average of $6.08 million, excluding the additional expenses on cybersecurity upgrades and regulatory fines. These cyber threats not only drain finances but also cause […]

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