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DHS Secretary: Small Businesses Hard-Hit by Ransomware

About 50% to 70% of all ransomware attacks in the U.S. are targeting small and medium-sized businesses, costing the victims an estimated total of $350 million in the last year, Secretary of Homeland Security Alejandro Mayorkas said Wednesday in a speech to the U.S. Chamber of Commerce.

“The losses from ransomware are staggering. And the pace at which those losses are being realized is equally staggering,” Mayorkas said, noting this is why DHS has made battling ransomware a priority.

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