If it were measured as a country, then cybercrime — which is predicted to inflict damages totaling $8 trillion USD globally in 2023, according to Cybersecurity Ventures — would be the world’s third-largest economy after the U.S. and China, surpassing the wealth of entire nations.
Johnson Controls has confirmed being hit by a disruptive cyberattack, with a ransomware group claiming to have stolen 27Tb of information from the company.
Over the last few years, ransomware has grown into one of the largest cyber threats facing businesses today. These attacks can cause enormous damage to an organization’s operability, data, and reputation — not to mention the costly financial repercussions.