53% of survey respondents admit to paying over $500,000 ransom
Cyber-physical systems (CPS) security was analyzed in a recent report by Claroty. The findings revealed a significant financial impact, with over a quarter (27%) of organizations reporting a financial impact of $1 million or more from cyberattacks affecting CPS. Several factors contributed to these losses, the most common being lost revenue (selected by 39% of respondents), recovery costs (35%) and employee overtime (33%). Ransomware continues to play a big role in recovery costs, as over…
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