There continues to be exponential growth in the use of ransomware as a criminal business model; recent specialist surveys revealed that there were nearly three times as many ransomware incidents in the UK in 2020 than in 2019, and the estimated global cost of ransomware could now be as high as £120 billion annually – the impact of this trend is driving a need for action.

https://www.pinsentmasons.com/out-law/analysis/how-to-prepare-for-a-ransomware-attack