RANSOMWARE:  Every 11 seconds, a new organization gets hit by ransomware

Ransomware is a type of malicious software that threatens you with harm, usually by denying you access to your data. Once the ransomware has infected your computer, it will ask you to pay a ransom — usually in cryptocurrency — in exchange for decrypting your data or unlocking your computer.

Bitcoin was the primary method of payment for ransomware. Around 98 percent of payments were made in Bitcoin

The Cost Of Ransomware Attacks

2021 – $20 billion.   2019 – $11.5 billion.   2018 – $8 billion.

  • In 2020, 73 percent of all ransomware attacks were successful  (Sophos)
  • Ransomware attacks rose $92.7 in 2021. (Security Magazine)
  • By the end of 2021 the expected frequency of ransomware attacks is projected to hit 1 attack every second(BlackBerry)
  • In 2021, ransomware was a part of 10% of all breaches. Overall, ransomware attacks doubled in frequency in 2021. (Verizon Data Breach Investigations Report)
  • The Average of ransomware has skyrocketed to $4.4 million in 2022 (Dark Reading)

According to recent ransomware statistics from cybersecurity firm Coveware, these are the most widely reported causes of data breaches in 2020.  

  1. REvil (Sodinokibi) — Ransomware program that’s difficult to detect 
  2. Maze — Data-stealing ransomware that threatens to sell your data
  3. Phobos — Ransomware that locks productivity documents



Learn more about Ransomware and how it impacts your business!

Don’t be the next victim of Ransomware. CIT can protect and secure your data, along with 24×7 server monitoring.

Don’t Gamble With Your Security . . . contact us today

Report all ransomware incidents with CISA (Cybersecurity & Infrastructure Security Agency) to help other secure their security.

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