When Verizon released its 2018 Data Breach Investigations Report last week, ransomware, for the first time, topped the list as the most prevalent type of cyber incident.

According to in-house data privacy and other cybersecurity experts, cyber threats are one of the fastest evolving enterprise-wide issues that companies face, said Sou Ford, senior vice president at insurance broker and consultancy Willis Towers Watson. Ford was a participant and panel moderator at a discussion on cybersecurity at the National Asian Pacific American Bar Association’s Southeast Regional Conference in Atlanta last week.

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