Report: Ransomware victims increase security budgets due to surge in attacks

As the end of 2021 approaches, there’s no doubt ransomware became a top cybersecurity concern across multiple industries.  Successful ransomware attacks like the Colonial Pipeline, which took down critical U.S. infrastructure, and Kaseya, which hit over 1,500 companies in a single attack, became a popular topic in the news.

Research conducted by Cymulate, however, shows that despite the increase in the number of attacks this past year, overall victims suffered limited damage in both severity and duration.

Read more in this article for VentureBeat.