Ransomware Damage Hit $11.5B in 2019

GlobalDots
1 Min read

A new report shows the scale of ransomware’s harm and the growth of that damage year-over-year — an average of $141,000 per incident.

No one questions that a ransomware attack is a bad thing. But a new report doesn’t just confirm that these encryption assaults are bad, it also quantifies the $11.5 billion in damage that ransomware did in 2019 alone.

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According to the report from Deep Instinct, ransomware attacks became more focused in 2019, going after organizations rather than individuals. And it’s not just any organization that’s coming under attack; those with critical infrastructure, life-or-death consequences, or thousands of citizens depending on their services were the most frequently targeted.

Read more: Dark Reading

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