Ransomware attacks have increased 350% since 2018, and the global cost of these attacks grew from $8 billion in 2018 to $20 billion in 2020, according to Cybersecurity Ventures. The average ransom has increased as well, according to a report from Datto, with Managed Service Providers reporting that the amount demanded from SMBs alone averaged $5,900, a figure it says has increased 37% YOY.
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