When Combating Ransomware, What Are Schools’ Cyber Insurance Options?
EdTech Magazine
JULY 26, 2023
In recent years, the frequency and sophistication of ransomware attacks have continued to escalate. In many cases, those attacks have piled up significant costs for their victims, and not just from ransom payments. Extended downtime after an attack, expensive recovery efforts and reputational damage all impact K–12 districts after a breach. “The actual cost of a ransomware attack extends far beyond the ransom payment — it can add up to be 7 times the ransom demand,” notes NetApp in a blog post.
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