Ransomware Continues To Pile on Costs For Critical Infrastructure Victims 💸

Summary:

  1. Ransom Payments Surge: Sophos’ latest report reveals median ransom payments by critical national infrastructure (CNI) organizations surged to $2.54 million in the past year, a 41-fold increase from last year’s $62,500. The mean payment also rose to $3.225 million.

  2. Sector Disparities: IT, tech, and telecom sectors paid the least, averaging $330,000, while lower education and federal government organizations faced the highest average payments at $6.6 million.

  3. Recovery Costs: Recovery costs also spiked, with some CNI sectors’ costs quadrupling to a median average of $3 million per incident. The energy and water sectors experienced the sharpest increase, now averaging four times the global cross-sector median of $750k.

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