The valuation multiples in cyber security deals are relatively high, with both mean and median deal value-to-EBITDA ratios at around 15 times during the period from 2008 through to 2011H1. At least 38 states, Washington, D.C., and Puerto Rico introduced or considered more than 280 bills or resolutions that deal significantly with cybersecurity. In the first three quarters of the year, the median deal multiple for cybersecurity companies stood at 11.3x trailing-12-month sales, compared to 7x trailing-12-month sales across all tech and telecom deals. The global healthcare cybersecurity market is set to grow by 15% annually through 2025, reaching $125 billion (Cybercrime Magazine, 2020). Found insideIn 2018, BYJU'S had a valuation of USD 82 billion and major investors in Aarin Capital, Sequioia Capital, ... cutting edge work the start-ups do in areas such as cyber security, application developments, analytics, cloud infrastructure, ... Global Cybercrime Damages Predicted To Reach $6 Trillion Annually By 2021. Ongoing Demand Will Drive Solid Growth for Security Products and Services, According to New IDC Spending Guide. Cybersecurity Legislation 2020 - National Conference of ... Cybersecurity startup Wiz Inc. today announced that it has achieved a $6 billion valuation, a mere 18 months after launching, thanks to a new $250 million funding round led by Greenoaks Capital and In Which countries have the worst (and best) cybersecurity? Cybersecurity: This is how much top hackers are earning from bug bounties. Activision Blizzard: Trading below Historical Valuation ... Top 22 Cybersecurity Startups to Watch (Updated for 2021) Cyber Resilience of Systems and Networks - Page i In 2020, while the number of deals dropped to 665, the total investment increased to $7.8 billion. Found inside – Page 714th IFIP WG 11.10 International Conference, ICCIP 2020, Arlington, VA, USA, March 16–17, 2020, Revised Selected ... Multiple security domain nondeducibility (MSDND), introduced by Howser and McMillin [5], engages modal logic [4] to ... A total internet shutdown would lead to a GDP loss of 1.9% daily for a country with high connectivity and a daily loss of 0.4% for a low-connectivity country (World Economic Forum, 2020). Nov 15, 2021. Although the incidence of cryptojacking is relatively low, crypto weaknesses are among the most common network vulnerabilities, with organizations registering a 39.7% vulnerability rate (EdgeScan, 2020). No spam. AI in Cybersecurity The security company, founded in 2013, is backed by venture capitalists such as Insight Partners, Third Point Ventures, Tiger Global Management and Sequoia Capital. Whether you are a CEO, CIO, CISO, CHRO, general counsel, or business leader, this book will help you understand the important role you have to play in securing the collaborative cultures of the future. Ironic as it may be, every technological advancement tends to result in an increase in cyberattack incidence. Taking a look at a real-world example, in August 2020, Lumen Technologies Inc. announced a sale of its telecommunications assets in 20 U.S. states. Download Cybersecurity Almanac 2021. The median pay of cybersecurity analysts in the US is $99,730 annually or $47.95 per hour, much higher than the national average (US Bureau of Labor Statistics, 2020). Top 5 Cybersecurity Facts, Figures, Predictions, And Statistics For 2020 To 2021. 48% of data breaches in healthcare facilities are committed by internal actors, meaning they were inside jobs (Verizon, 2020). Data from Crunchbase shows that cybersecurity venture funding has been on an upwards trend over the past decade, with roughly 1,500 companies receiving funding since 2017, 58% of which were seed-stage and 32% were early-stage firms. A software-defined wide area network is a type of computer network that allows the bounding of multiple internet access resources . Training users on the proper ways of detecting and reacting to these threats and using robust, secured email management solutions are effective ransomware deterrents. The three sectors with the biggest spending on cybersecurity are banking, manufacturing, and the federal/central government, accounting for 30% of overall spending (IDC, 2020). The global cyber security market size was USD 153.16 billion in 2020. 51% of executives worldwide are planning to add full-time positions for cybersecurity professionals over the next year (PwC, 2021). SOPHOS 2021 THREAT REPORT. This book presents a collection of state-of-the-art AI approaches to cybersecurity and cyberthreat intelligence, offering strategic defense mechanisms for malware, addressing cybercrime, and assessing vulnerabilities to yield proactive ... (, One of the most serious challenges that the modern world must deal with in the short- and long-term is criminal activity. Cyber Security deal activity high with a large amount of strategically motivated transactions. But speed without purpose is not progress. In Fast Times, McKinsey leaders cut through the hype to provide a readable inside look into what digital winners do best: set direction, learn, and adapt faster than anyone else. (2020, August 21). Losses from cybercrime damages are expected to reach $6 trillion by 2021 (Cybercrime Magazine, 2020). The rest of the 10 largest data breaches of all time are Yahoo, 3 billion accounts (2013); Aadhar, 1.1 billion (2018); First American Financial Corporation, 885 million (2019); Verifications.io, 763 million (2019); Facebook, 540 million (2019); Yahoo, 500 million (2014); Marriott, 500 million (2018); Adult FriendFinder, 412.2 million (2016); and MySpace, 360 million (2013) (UpGuard, 2021). One of the most serious challenges that the modern world must deal with in the short- and long-term is criminal activity. More than three-quarters of the global cybersecurity funding announced in 2020 went to companies in the United States, which received a total of $5.9 billion from investors. EBITDA Multiples By Industry: An Analysis And factoring one’s cybersecurity costs make the financial challenge from worst to almost impossible. This is up 129% from where the group began the year (11.9x TEV / NTM revenue). Meanwhile, valuation, at least in the context of tech more broadly, doesn't look that prohibitive. The average valuation of cybersecurity companies raising funds this year has more than doubled to $524.1 million from $221.8 million in 2020, according to PitchBook. Thingalytics by Dr. John Bates is the most powerful book written to date about the Internet of Things (IoT), showing businesses how to take advantage of the fast Big Data that flows across the digital planet. IoT Comes Under New Cyber Attack from Multiple Fronts EBITDA Multiples by Industry in 2020 | DiscoverCI The trend for median EBITDA multiples—which track how valuations vary in relation to profit—is slightly different: after peaking at 20.1x in Q2 2020, EBITDA multiples do see some correction, but build back up to 19.3x in Q2 2021. (APWG, 2020). SolCyber Managed Security Services Company Profile ... Cybercriminals will continue with their shadowy ways of coming up with novel and more sophisticated ways of attacking the vulnerabilities of digital systems, including common business software applications. The conversation surrounding state of the European cybersecurity market will continue at the TMT M&A Forum Europe 2020 in London on May 14, where Panos Metsis and Matthew Jacobs will be joined by Carlos Alberto Silva, MD at Sonae IM to take a deep-dive into M&A and investment in this space. Ranger, S. (2020, September 22). Valuation multiples See details; 30/11/2020: Private Group led by Abénex: Squad: Paris: IT Consulting * 104351: 19/11/2020: Presidio: Arkphire Group: Ireland: IT Outsourcing, System Integration * 103443: 01/10/2020: Groupe Open : Neos-Sdi (Software Development Integration) Paris: IT Consulting, System Integration * 105769: 17/08/2020: Endava . Security Guidance for 5G Cloud Infrastructures: Prevent and Detect Lateral Movement is the first of a four-part series created by the Enduring Security Framework (ESF), a cross-sector, public-private working group which provides cybersecurity guidance that addresses high priority cyber-based threats to the nation's critical infrastructure. It consists of five business units, including Activision . Columbus, L. (2020, December 15). Sales are expected to increase in the coming months as taprooms start to reopen, but total sales for 2020 will almost certainly be down from 2019 total sales. This statistic is primarily focused on smaller breweries. Activision Blizzard: Trading below Historical Valuation Multiples. Over the past few years, schooling and education faced two key challenges: reaching underserved populations in developing countries and maintaining learning activities up and running during the COVID-19 pandemic. The new preferred venue for criminals worldwide is the Internet. We provide advice and information about how to protect you, your family and your business online. Developing Story: COVID-19 Used in Malicious Campaigns. 70% of cryptocurrency transactions will be connected to or used for illegal activities by 2021 (Cybercrime Magazine, 2020). Cybercrime To Cost The World $10.5 Trillion Annually By 2025. 16 of those cases were submitted in the first half of January 2021. For Dell EMC PowerProtect Cyber Recovery versions 19.1.0.2 through 19.1.0.7, the security update is contained in the release 19.1.0.8. 86% of data breaches across all industries are financially motivated (Verizon, 2020). US Department of Health and Human Services Office for Civil Rights (2021, April 5). Morgan, S. (2021, January 21). (, The number of attack groups using destructive malware to destroy and disrupt business operations grew 25% in 2019. (, In 2019, a 78% increase in supply chain cyberattacks, and a 48% increase in attacks involving malicious email attachments via Office files have been recorded. Apple's EBITDA multiple of 12.26 means investors are willing to pay a premium to buy shares of the company. Of the high-growth companies, none had a meaningful valuation multiple based on EBITDA. Looking at revenue valuation multiples, we can see how—as a result of the pandemic—valuations for EdTech companies rose throughout 2020 before correcting back to lower levels in the first half of 2021. Most Common Cyberattacks Experienced by US Companies, The US federal government’s demand for cybersecurity technology is expected to rise from $10.9 billion in 2018 to over $14.1 billion in 2023. 6 million by 2027; it is expected to grow at a CAGR of 10. They’re have become very serious threats that Google will be banning all cryptocurrency mining extensions from Chrome. With the exception of the dip in March, public valuation multiples have expanded across the board. . Meanwhile, in Europe, there are around 400,000 cybersecurity jobs available (eSecurity Planet, 2020). (, For small businesses, running a business is already cost-intensive. In a year, 51% of organizations are impacted by a form of ransomware infection (Mimecast, 2020). Investors continue to seek and reward growth, with the high-growth cybersecurity comps finishing the year at a frothy median TEV / NTM revenue multiple of 27.1x. Cyberattackers can sell medical records on the dark web for up to $1,000 each (Forbes, 2020). 52% of data breaches were by malicious attacks (IBM, 2020). 2021 DATA RISK REPORT FINANCIAL SERVICES. The book explores the diversity of the field, the need to engineer countermeasures based on speculation of what experts think computer attackers may do next, why the technology community has failed to respond to the need for enhanced ... Israel has the fourth biggest cybersecurity vendor in the world in terms of investment and the biggest outside of the US with Checkpoint, which has a share of 5.4% (Canalys, 2020). This advisory provides details on the top 30 vulnerabilities—primarily Common Vulnerabilities and Exposures (CVEs . The most common types of cyberattack vulnerabilities across all types of networks are crypto weaknesses (39.7%), cross-site scripting (12%), system patching related (8%), directory listing (7.1%), and exposed systems and services (3.5%) (Edgescan, 2020). To view SolCyber Managed Security Services's complete valuation and funding history, request access ». The industries that registered the highest growth in cybersecurity spending in 2020 are the federal/central government (10%), local government (8.9%), and banking (8.5%) (IDC, 2020). Cybersecurity statistics indicate a significant rise in data breaches and hacking, most of which involve workplace devices. While nearly half of the funding went to companies in California, firms in New York, Massachusetts, Texas, Minnesota and Maryland have also secured significant investments. C-Suites: Cybercrime Damages Expected to Reach $6 Trillion by 2021. Cryptojacking is stifling the growth of bitcoin and other cryptocurrencies. For businesses valued over $2 million, you can expect a 6.0x to 10.0x multiple. Starting at 2.8x in Q1 2020, revenue multiples were nearly doubled in Q4 2020, at a peak of 5.3x. 59% of buyers are likely to avoid companies that suffered from a cyberattack in the past year (Arcserve, 2020). 11 tech jobs where you can earn a salary of over $200K. $20M. The Best Cybersecurity Predictions For 2021 Roundup. Security Yearbook 2020 is the story of the people, companies, and events that comprise the history of of the IT security industry. As for the investors themselves, the top 10 for 2019 and 2020 are Accel, Insight Partners, Techstars, Y Combinator, TenEleven Ventures, Lightspeed Venture Partners, Clearsky, ForgePoint Capital, Intel Capital, Salesforce Ventures, and Sequoia Capital. Building IBM tells the story of that company—how it was formed, how it grew, and how it shaped and dominated the information processing industry. APWG (2020, August 27). CYBERSECURITY FUNDING. Ransomware, considered as the cybercrime model of choice for hackers, is the fastest-growing, with damages predicted to be 57 times higher by the end of 2021. In this book, readers will learn to: Understand the basics of founder psychology, and how our inner workings can help or hurt us The importance of building a healthy ego, leading to resilience Draw on the lessons of established startup ... Information security analysts have a job growth rate of 31% through 2029 in the US, much faster than the national average of 4% (US Bureau of Labor Statistics, 2020). Hiscox Cyber Readiness Report 2020. Securing What’s Now and What’s Next 20 Cybersecurity Considerations for 2020. Join our community of 2,000 + Founders, Entrepreneurs & Advisors. The United States has the world’s highest average data breach cost at $8.64 million (IBM, 2020). The 2020 State of Password and Authentication Security Behaviors Report Ponemon Institute, February 2020 Table of Contents From Page To Page Part 1. 30% of data breaches are inside jobs (Verizon, 2020). Purplesec (2021, March 25). When the official data is published, this past quarter is likely to emerge as a record-breaking quarter for the cybersecurity industry, after companies raised $2.68 billion in total for all of 2020, according to data from IVC (this statistic could still be adjusted . Future Digital Advertising: Artificial Intelligence & Advertising Fraud 2019-2023. For businesses valued under $2 million, you can expect a 4.0x to 6.0x multiple. (Survey). Developed for preparers of financial statements, independent auditors, and valuation specialists, this guide provides nonauthoritative guidance and illustrations regarding the accounting for and valuation of portfolio company investments ... Public SaaS company data is the best starting point when valuing a private SaaS business so we created the SaaS Capital Index (SCI) to be an up-to-date valuation tool for pure-play, B2B, SaaS businesses. This could indicate that investors chose to reward companies that managed to maintain high profit margin throughout and after the pandemic over those where profit couldn’t keep up with revenues. The distribution chart below, however, shows us a slightly deeper layer to the EdTech sector. Designed for managers struggling to understand the risks in organizations dependent on secure networks, this book applies economics not to generate breakthroughs in theoretical economics, but rather breakthroughs in understanding the ... Global cybersecurity spending is expected to reach $1 trillion cumulatively for the 5-year period from 2017 to 2021. The cyberattack and data breach were reported to be among the worst cyber-espionage incidents ever suffered by the U.S., due to the . Key findings 5 33 How IT security respondents and individual users approach personal security 5 11 Security behaviors and practices in the workplace 12 16 We’ve also included a shortlist of the best IT security software on the market to help you get started on your cybersecurity efforts. 2020 Data Breach Investigations Report. Found inside – Page 243Valuation. 10.1. Introduction. Financial technology companies (FinTechs) are gaining momentum, fueled by drivers such as ... for multiple economic actors and enabled the co-creation of value as Uber has for cars (Hommel & Bican, 2020). Crytojacking accounts for 2.5% of malware among breaches (Verizon, 2020). Here are some of the essential takeaways from this selection of this year’s cybersecurity statistics: Every business should be aware of the various cyber threats that can impede its operations. Refreshingly simple financial insights to help your business soar. Looking for Malware in All the Wrong Places? Highlights include: M&A: 2020 saw another strong year in strategic acquisitions, with a total of 178 transactions for $20 billion in aggregate disclosed value. Hospitals are more vulnerable to cybercrime compared to other businesses. This book introduces fundamental concepts of cyber resilience, drawing expertise from academia, industry, and government. Resilience is defined as the ability to recover from or easily adjust to shocks and stresses. (, In 2019, over $44.75 million in bug bounties was awarded to top hackers across the globe (, By the end of 2021, a total of 3.4 million cybersecurity jobs will be vacant. Wednesday, December 16, 2020. document.getElementById("comment").setAttribute( "id", "a25912c1a7951166b719ff285a511ce1" );document.getElementById("g870abf955").setAttribute( "id", "comment" ); FinancesOnline is available for free for all business professionals interested in an efficient way to find top-notch SaaS solutions. In this issue of Valuation Insights, we discuss data attacks that have become broader and deeper during the pandemic, a trend that continues during the recovery, and offer recommendations on how to prepare for a data breach incident. 70% of consumers feel that businesses haven’t done enough to safeguard their personal information (Arcserve, 2020). Symantec (2019, February). Dell EMC PowerProtect Cyber Recovery cyber-recovery-osupdate-1.4.-2.jar. It’s great if your business has an effective cybersecurity system. The funding values the San Francisco-based company at more than $500 million, according to a source familiar with the deal, more than tripling its $140 million valuation following a Series A last . 2020 was also a record year in terms of new unicorns — these are companies valued at more than $1 billion — with six new unicorns. Keep it clean. Cybersecurity Talent Crunch To Create 3.5 Million Unfilled Jobs Globally By 2021. This pace of cybersecurity growth is likely to continue in the upcoming years as industries invest heavily in security solutions to meet the ever-expanding range of threats and requirements. The cybersecurity skills shortage is getting worse. 55% of business executives plan to increase their budgets for cybersecurity in 2021 (Forbes, 2020). The orange line (higher) is the S&P 500 Software industry index. Hacker Who Stole $5 Million By SIM Swapping Gets 10 Years in Prison. Growth equity investors are using public market comparisons to judge how much private companies are worth, even at a relatively early stage. (Verizon, 2020), Meanwhile, for phishing attacks, the most targeted online industries are SaaS (34.7%), financial institutions (18%), payment gateways (11.8%), social media networks (10.8%), ecommerce (7.5%), logistics (3.5%), and cloud storages (2.9%). In 2020, a major cyberattack suspected to have been committed by a group backed by the Russian government penetrated thousands of organizations globally including multiple parts of the United States federal government, leading to a series of data breaches. In Europe, the countries whose firms have the biggest cybersecurity expenditures are France ($3.1 billion), Spain ($2.6 billion), Germany ($2.2 billion), United Kingdom ($1.5 billion), Netherlands ($1.3 billion), and Belgium ($1.3 billion) (Hiscox, 2020). The global industries most frequently targeted by cyberespionage based on the number of incidents in 2019 are manufacturing (75), professional (40), public (26), information (11), and mining and utilities (6) (Verizon, 2020). As of January 2021, the US Department of Health and Human Services Office for Civil Rights is investigating more than 700 cases of data breaches in the healthcare industry (US Department of Health and Human Services Office for Civil Rights, 2021). Ransomware has officially claimed its first life in 2020 when an attack on a German healthcare facility caused its IT systems to fail (Cybercrime Magazine, 2020). Cybersecurity is by far the most important area in any industry. The global cybersecurity market is expected to be worth $352.25 billion, with an annual growth rate of 14.5%, by 2026 (Mordor Intelligence, 2020). Powerful forces are reshaping the banking industry. Customer expectations, technological capabilities, regulatory requirements, demographics and economics are together creating an imperative to change. INNOVATE FOR CYBER RESILIENCE. The most common causes of data breaches in the manufacturing sector are crimeware, web apps, and privilege misuse, all of which account for 64% (Verizon, 2020). ISTR 24: Symantec’s Annual Threat Report Reveals More Ambitious and Destructive Attacks. For small businesses, running a business is already cost-intensive. Information Security Analysts. Rayome, A. In comparison, the overall venture market in the U.S. recorded a growth of 15%. One wrong move and you can leave the . Valuation Insights Data breach notification cases in 2020 increased by 140% over those reported in the prior year. Emotet—a sophisticated Trojan commonly functioning as a downloader or dropper of other malware—resurged in July 2020, after a dormant period that began in February. (, From 2011 to 2019, the unemployment rate in the cybersecurity industry has been zero. The market grew by approximately 35 times since 2004 and is projected to grow at 9%-10% year-over-year through 2021. The best approach to fight cyber criminality is through the current initiative for diverse cyber work environments as this drives the generation of powerful creative problem solving to effectively address the unrelenting threat of cybercrimes worldwide. When reviewing this section, please note the issues of interpretation, along with the wide . Country-Specific Scene The cyber liability insurance market in the US was valued at $2.7 billion in 2020 (IBISWorld, 2020). Cases Currently Under Investigation. On average, formjacking codes compromise around 4,800 websites every month (Symantec, 2019). "In close to two decades as . The cyber liability insurance market in the US was valued at $2.7 billion in 2020 (IBISWorld, 2020). All B2B Directory Rights Reserved. This is higher than other companies within the Consumer Durables industry, meaning investors expect Apple to grow faster than its peers. This new compilation is an important contribution to the field of valuation and will serve as an imminently helpful resource for attorneys and judges. "Cyber security is a highly attractive market, estimated to be worth €58bn in 2020 and growing at a 9% CAGR from 2020 to 2026. Revenue multiples for Green Energy companies grew throughout all of 2020, then stabilised around the 10x mark for Q1 and Q2 of 2021. Auth0 plans to utilize the newly infused When it comes to calculating an exit valuation, the most common and basic formula that is used is Valuation = EBITDA x Multiple (sometimes EBITDA - or profit - is substituted for revenue).. This is why to help effectively combat cybercrimes, businesses must have a least one of the best IT security software platforms. Revenue growth has also bounced back into positive territory in fiscal 2020, and is expected to remain in positive territory for the . CyberSecurity: 2021 Valuation Multiples. Welcome to this week's Wikibon CUBE Insights, Powered by ETR. According to Burning Glass, the fastest-growing cybersecurity skills are application development security (164%), cloud security (115%), risk management (60%), threat intelligence (41%), incident response (37%) (Burning Glass, 2020). Jenny Chang is a senior writer specializing in SaaS and B2B software solutions. The Zacks Consensus Estimate for its 2020 earnings has been raised 13.9% to $2.71 over the past 60 days. 43% of data breaches involved web applications (Verizon, 2020). Regulated by the Institute of Chartered Accountants in England and Wales for a range of investment business activities. Vinayak, H. (2021, March 24). The cost of ransomware damage in 2021 ($20 billion) is 57 times more than the cost in 2015 (Cybersecurity Ventures, 2021). The Australian Cyber Security Centre (ACSC) is based within the Australian Signals Directorate (ASD). Cyber Security Market to Cross $433.6 Billion Revenue by 2030: P&S Intelligence. (, In 2019, 38.4% of mining companies were targeted by malicious emails. All Rights Reserved. The 2020 SBBI Summary Edition is a proud partnership between the following organizations: Duff & Phelps Duff & Phelps is the global advisor that protects, restores and maximizes value for clients in the areas of valuation, corporate finance, investigations, disputes, cyber security, compliance and 72% of data breaches targeted large companies (Verizon, 2020). The country with the highest rate of mobile devices infected with malware is Iran at 52.68% (Comparitech, 2021). We saw the rise and fall of GandCrab ransomware, multiple data breaches for Fortune 500 companies, and GDPR turned one year old. Some believe it’s a result of speculative strategies while others believe it reflects the growing importance of cybersecurity. With people's lives increasing moving online, we're constantly leaving behind a digital trail, which involves a rising risk for . To ensure fool-proof protection, an organization should have a culture of safety and cybersecurity excellence. The global impact of COVID-19 has been unique and staggering, with cyber security observing a slight negative impact on demand across all regions amid the pandemic. Canalys: Cybersecurity investment boosted by remote working in Q1 2020, but cuts expected. Agencies Share More Details on ADSelfService Plus Vulnerability Exploitation, GoDaddy Breach Exposes 1.2 Million Managed WordPress Customer Accounts, Wind Turbine Giant Vestas Fending Off Cyberattack, Researchers Hack Conti Ransomware Infrastructure, Delivering on the Promise of 5G Requires New Security Standards, CISO Conversations: Honda Aircraft, Bombardier CISOs Discuss Getting Started in Security. MarketsandMarkets (2020, October). Gox ($460 million, 2011), Bitfinex ($72 million, 2015), Binance ($40 million, 2019), and Bittrex ($18 million, 2018) (Coin Insider, 2021). 2021 Singapore/APAC ICS Cyber Security Conference [Virtual: June 22-24], 2021 CISO Forum: September 21-22 - A Virtual Event, 2021 ICS Cyber Security Conference | USA [Hybrid: Oct. 25-28], Virtual Event Series - Security Summit Online Events by SecurityWeek. Trend Micro (2020, November 11). For Dell EMC Cyber Recovery versions 18.1.0-529 through 18.1.1.3-9, the security update is contained in the release 18.1.1.4-10. IBISWorld (2020, December 19). Source: YCharts In the chart above, the lines indicate the range of EV/EBITDA multiples in our cohorts, while the boxes highlight the Interquartile Range (IQR), which is where the median 50% of the cohort ranks based on their valuation multiple. CYBERSECURITY SUPPLY/DEMAND HEAT MAP. When it comes to pitching, clarity is key. 'The Six Principles of the Perfect Pitch' is a proven process that will help to make your pitch powerful, get you noticed, generate interest and have investors queuing up to help you succeed. "In 2020, forward revenue multiples for high-growth public cybersecurity companies more than doubled to around 40x, effectively halving the revenue target that startups must reach to achieve unicorn status. Ransomware has become the hacking method of choice among cybercriminals. Crypto Under Attack: 5 Worst Hacks That shook the Crypto World.
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