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Ransomware Damage Hit $11.5B in 2019

Admin Globaldots
21.02.2020
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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.

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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