Companies should expect that regulators and agencies will be more active role following a cyberattack. Fortunately, despite reductions in coverage, insurance can help mitigate costs arising out of a cyberattack, as well as defense costs incurred for claims from a cyber incident. (Credit: Shutterstock.com) Companies should expect that regulators and agencies will be more active role following a cyberattack. Fortunately, despite reductions in coverage, insurance can help mitigate costs arising out of a cyberattack, as well as defense costs incurred for claims from a cyber incident. (Credit: Shutterstock.com)

By June 2021, the total value of suspicious activity associated with ransomware transactions for the year exceeded the total value reported during the entirety of 2020, according to the U.S. Treasury Department.

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