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Cybercrime to hit $10.5 Trillion which isn’t Chump Change

Cybercrime to hit $10.5 Trillion which isn’t Chump Change

Cybercrime is on track to cost $10.5 trillion by 2025 and attacks, especially ransomware, are now an everyday fact of life. Last week in New York, at a recent press briefing before the official commencement of Commvault Shift, Commvault disclosed that 78% of respondents in the CrowdStrike survey acknowledged they were hit by a ransomware attack in the past year. With the rise of AI-driven threats and an avalanche of enterprise data, it’s not just a matter of “if” but “when” a cyber disruption will strike. Sanjay Mirchandani, Chief Executive Officer at Commvault who’s lived through a breach as a former CIO, put it pretty simply. Recovery isn’t a nice to have… it’s essential to survival and to bounce ...
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