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
The financial loss from so-called ‘ripple events’ is thirteen times greater than the cost of single-party security incidents. A cyberattack limited to one organization can be enough to cause significant financial loss, data compromise, and long-term damage. When an attack extends to several victims, as is increasingly the case with enterprise incidents, the effects quickly
You can call it collateral damage. You can call it trickledown cyberwarfare. Either way, foreign hacker armies are targeting civilian enterprises as a means of attacking rival government targets. We’re in the dawn of the age of global cyberwarfare: Nation-state hackers are knocking out critical infrastructure. They’re disrupting lines of communication. They’re stealing military technology.