Ransomware and ransom-war: why we all need to be ready for cyber attacks

World Economic Forum

It’s boomtime for cyber criminals trying to make easy money by taking computer data hostage and demanding ransom. As online working durged during the pandemic, so did cybercrime - ransomware attacks rose 151% in 2021. The World Economic Forum’s Global Cybersecurity Outlook found there were on average 270 cyberattacks per organization that year, with each successful cyber breach costing a company $3.6m. We speak to Jim Guinn, Senior Managing Director - Security, Strategy and Consulting Lead, Accenture - a company that had its own, well publicized ransomware attack last year, and to Algirde Pipikaite, Cybersecurity Strategy Lead at the World Economic Forum. And to talk about how ransomware can often be considered ‘ransom-war’, we speak to Alex Klimburg, head of the World Economic Forum’s Centre for Cybersecurity. Read the Forum’s Global Cybersecurity Outlook 2022 here: