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Ransomware attacks double

Posted On: Mar. 29, 2022 9:24 AM CST

Law firm Reynolds Porter Chamberlain LLP said that ransomware attacks in the U.K. more than doubled to 654 in 2021 from 326 in 2020, driven by the increasing profitability for scammers, City A.M. reported. Finance, insurance and credit and education and childcare were the hardest hit sectors. The firm said that businesses that don’t purchase dedicated cyber policies run the risk of becoming underinsured.