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Falanx Group Ltd

Ransomware attacks increasingly target SMBs

The costs and risks posed by ransomware refuse to die down.

In fact, they are not only increasing in number and severity but also spreading through to smaller businesses.

Industry experts place two-fifths (41%) of insurance claims in North America at the feet of malware that has breached security and is accompanied by threats to publish the victim’s data or to block access to it.

This is just one indication of how wide a net cybercriminals are now casting over the business community.

Falanx Group Ltd (LON:FLX), through its subsidiaries, provides cyber defence and intelligence services to blue chip and government clients worldwide. It operates through Falanx Cyber Defence and Falanx Intelligence divisions.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.