Cybersecurity analysts are charting both a rise in ransomware incidents and in amounts cybercriminals are demanding from businesses to restore their data. That’s bad news in itself, but what’s often overlooked are the additional ways – beyond payments victims may or may not choose to make– victims pay for these attacks.
Our latest threat report found the average ransomware payment peaked in September 2020 at more than $230 thousand. But the ransom alone doesn’t tell the whole story. To do that, we conducted another study to tally and quantify the collateral damage from surging ransomware incidents and rising extortion amounts.
These are some of those affects inflating the price tag of an attack, which we call The Hidden Costs of Ransomware.