Cybersecurity 2020: The Danger of Ransomware

Ransomware tops the list of cybersecurity threats for 2020. While there have been efforts to convince individuals, corporations and municipalities not to pay ransoms, the simple fact is that whenever one is paid, the attack becomes a success that encourages cyberthieves to try again. Ransomware attacks increased 18 percent in 2019, up from an average 12 percent increase over the past five years. It accounted for 40 percent of all manufacturers' cyber claims, and for 23 percent of cyber claims for smaller businesses last year.