September 8, 2016

Robert Herjavec on CNBC Squawk Alley: Rising Cost of Ransomware

Herjavec Group Founder and CEO, Robert Herjavec, recently appeared on CNBC’s Squawk Alley to discuss cybersecurity risks for enterprises including the rising cost of ransomware. According to a new report published by Cybersecurity Ventures in partnership with Herjavec Group, Hackerpocalypse: A Cybercrime Revelation, ransomware costs are expected to exceed $1 billion by the close of 2016.

Herjavec insists, “Organizations need to increase their defenses and become more resilient, because there is no end state in sight for this epidemic. So long as cybercriminals can get paid, with limited risk, attacks will continue. The challenge remains that large enterprises aren’t nearly as agile as their attackers.” 

To read the full cybercrime report, Hackerpocalypse: A Cybercrime Revelation, you can download the PDF here

For tips on how to thwart ransomware attacks, watch the full segment below.


About Herjavec Group

Dynamic IT entrepreneur Robert Herjavec founded Herjavec Group in 2003 to provide cybersecurity products and services to enterprise organizations. Herjavec Group delivers SOC 2 Type 2 certified managed security services supported by state-of-the-art, PCI compliant, Security Operations Centres, operated 24/7/365 by certified security professionals. This expertise is coupled with leadership positions across a wide range of functions including consulting, professional services & incident response. Herjavec Group has offices globally including across Canada, the United States, United Kingdom and Australia. For more information, visit www.herjavecgroup.com.

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