When You pay peanuts, you get Monkeys
Many companies underestimate cybersecurity risks, allocating minimal budgets due to perceived low likelihood of attacks or overconfidence in existing defenses. However, this short-term cost-saving often backfires when they fall victim to ransomware, incurring massive financial losses and reputational damage. The irony is that investing in robust cybersecurity measures upfront is typically far less expensive than paying ransom and dealing with the aftermath of an attack.