“The True Cost of Ransomware”

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Lynn McGuire

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Sep 9, 2021, 6:48:57 PM9/9/21
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“The True Cost of Ransomware”
https://www.backblaze.com/blog/the-true-cost-of-ransomware/

“Today, cybercriminals demand ransoms on the order of hundreds of
thousands or even millions of dollars. 2021 saw the highest ransom ever
demanded hit $70 million in the REvil attack on Kaseya. But the ransoms
themselves are just a portion, and often a small portion, of the overall
cost of ransomware.
Big ransoms like the one above may make headlines, but a huge majority
of attacks are carried out against small and medium-sized businesses
(SMBs) and organizations—security consultant Coveware reported that they
comprise 70% of all ransomware attacks. And the cost of recoveries can
be staggering. In this post, we’re taking a look at the true cost of
ransomware and the drivers of those costs.”

Not good.

Lynn
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