As Florida has had economic growth, its businesses and organizations have suffered as victims of ransomware cyberattacks. In the last year and a half, ransomware attacks on Florida organizations have been on the rise. This has caused huge losses to those affected.
The global information security industry, which responds to cyberattacks, is expected to reach a value of over $170 billion by the year 2022. One of the fastest-growing methods of cybercrime is ransomware attacks. Between 2015-2017, the costs of ransomware increased by a factor of 15.