Organizations are also navigating an increasingly complex regulatory landscape where failure to comply can and has led to costly fines, a damaged corporate reputation, and lost business opportunities. Data has truly proven to be an invaluable asset, but also an unbounded risk if not properly managed.

As the headlines showed, ransomware continued to be the weapon of choice in 2020, and extortionware is on the rise. While ransomware has become a tried and true method at this point, extortionware tactics are raising the stakes by threatening to expose sensitive information if the ransom is not paid.