Risks and (data) returns: Organizations consistently underspend on IT security, warns ransom negotiator and cyber-expert

IR Magazine recently spoke, on condition of anonymity, to an IRO with first-hand knowledge of a major cyber-hack. It is hard to tell just how many companies are targeted each year or how much is paid out in ransoms, though estimates made by tracking cryptocurrency payments put the figure at around $1.1 bn last year. Our anonymous IRO pointed out that just one part of the company had been targeted – the only part which, for specific reasons, had not been well protected. Elsewhere, the firm had