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Cyber insurance does not offset ransomware risks

Data protection against ransomware and cyberattacks is becoming increasingly critical. According to Veeam’s latest Data Protection Trends Report 2023, 82 per cent of organisations in the APAC region experienced at least one attack in 2022, and 23 per cent experienced four or more. Cyber risks are an unavoidable reality and have necessitated the urgent adoption of new cybersecurity and data protection measures. It is simply not sufficient for organisations to invest in prevention strategies and hope their business does not falter and succumb to an attack. Instead, organisations must be fully prepared for the inevitable: facing a data breach or a security incident. ...