09 Sep Ransomware Is The New Normal: Cybersecurity Considerations for Fiduciaries
This week in cybersecurity from the editors at Cybercrime Magazine
Sausalito, Calif. – Sep. 9, 2026
– Read the Full Story from J.S. Held
Court-appointed receivers, chief restructuring officers, distressed asset investors, and lenders should realize that cybersecurity is now a fiduciary duty and should be incorporated into every engagement alongside protection of cash, collateral, and physical assets, warns the experts at J.S. Held, a global consulting firm providing specialized technical, scientific, financial, and advisory services.
Insurance carriers and cyber claims professionals, too, should understand that cyber business interruption is frequently one of the largest components of cyber-related financial losses and insurance claims.
Ransomware has become a persistent business risk that fiduciaries, receivers, and restructuring professionals must address in every engagement.
According to Cybersecurity Ventures, ransomware damages are expected to reach $74 billion USD in 2026 and surpass $275 USD billion globally by 2031.
In many cases, the largest losses are driven by operational disruption rather than the ransom itself. Cyberattacks can halt production, disrupt supply chains, disable critical systems, and cause substantial business interruption and additional expense losses.
The costs of a cybersecurity attack include lost revenue from customers and new leads, as well as from being offline.
Cybercrime Magazine is Page ONE for Cybersecurity. Go to any of our sections to read the latest:
- SCAM. The latest schemes, frauds, and social engineering attacks being launched on consumers globally.
- NEWS. Breaking coverage on cyberattacks and data breaches, and the most recent privacy and security stories.
- HACK. Another organization gets hacked every day. We tell you who, what, where, when, and why.
- VC. Cybersecurity venture capital deal flow with the latest investment activity from various sources around the world.
- M&A. Cybersecurity mergers and acquisitions including big tech, pure cyber, product vendors and professional services.
- BLOG. What’s happening at Cybercrime Magazine. Plus the stories that don’t make headlines (but maybe they should).
- PRESS. Cybersecurity industry news and press releases in real time from the editors at Business Wire.
- PODCAST. New episodes daily on the Cybercrime Magazine Podcast feature victims, law enforcement, vendors, and cybersecurity experts.
- RADIO. Tune into WCYB Digital Radio at Cybercrime.Radio, the first and only round-the-clock internet radio station devoted to cybersecurity.
Contact us to send story tips, feedback and suggestions, and for sponsorship opportunities and custom media productions.
