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Corporate extortion, ransomware top business risks: Research

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Research by Ireland-based IT services firm Logicalis Solutions Ltd. found that 72% of chief information officers cited corporate extortion and ransomware as the biggest security threats to businesses this year, Irish Tech News reported. The CIOs also cited cyber attacks targeting corporate systems and application vulnerabilities as additional IT-related business risks. One in three CIOs admitted that concerns over security led to the curtailment or cancellation of IT projects within their organizations, the research added.

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