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Next-gen Cybersecurity

Next-gen Cybersecurity

Disrupting the ransomware threat

Ransomware is growing into an increasingly lucrative form of attack

The use of malicious ransomware attacks to encrypt and block access to infected computer systems until a ransom—usually in Bitcoin—is paid, grew significantly during the pandemic. An estimated 304.6 million such attacks were reported globally in 2020, up 62% year-over-year.
Industries such as financial services, manufacturing, energy, government, and healthcare were among the most affected. Collectively, the total amount paid by victims in 2020 totaled nearly USD 350 million—up  311% year-over-year—with the economic cost stemming from these attacks estimated at USD 20 billion.
The average value of ransom payments rise as the number of attacks grows
cyber charts_dw

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