RansomwareClock.org

Reported Cost of Ransomware Attacks 2024 YTD

Aggregated Estimate from Public and Private Sources, Reflects Reported Attacks Only. Actual cost estimated to be significantly higher.

The forecast for cybercrime in 2024 is harsh with attacks increasing in frequency, sophistication, and severity. We must work together to protect our companies and communities from the financial, operational, and emotional trauma of cyber-attacks.

Cyber Stats

$1.85m

average cost for remediation, business downtime, lost orders, operational costs, etc. 2X vs year ago. Recovery cost is 10X the size of the ransom payment. Sophos, The State of Ransomware 2021

93%

consider an organization's trustworthiness prior to purchasing. 59% would avoid doing business with a company cyberattacked in the past 12 months. Arcserve 2020 Survey

11 seconds

a new ransomware attack hits this year. Cybersecurity Ventures. (In the time it takes you to read this cyber stat, another business has been hit with a ransomware attack.)

207 days

days is the average time to identify a breach. Meaning the bad guys are in your system for over 6-months. IBM Security Cost of a Data Breach Report 2020.

Only 21%

of security professionals think their current security controls are adequate. Forrester State of Enterprise IoT Security in North America

21 days

days is the average downtime caused by a ransomware attack. Coveware Q4, 2020

Spotlight

CISA

The Cybersecurity and Infrastructure Security Agency (CISA) was founded in 2018 and is a standalone United States federal agency, organized under the Department of Homeland Security (DHS). It exists to...

RECENT ATTACKS & NEWS

April 25, 2024

Predictive Security Startup BforeAI Raises $15 Million

Predictive attack intelligence and risk protection startup BforeAI has raised $15 million in a Series A funding round led by...

April 25, 2024

Palo Alto Networks Shares Remediation Advice for Hacked Firewalls

Palo Alto Networks has shared remediation instructions for organizations whose firewalls have been hacked via CVE-2024-3400. The post Palo Alto...

April 25, 2024

Autodesk Drive Abused in Phishing Attacks

A new phishing campaign abuses compromised email accounts and targets corporate users with PDF files hosted on Autodesk Drive. The...

April 25, 2024

FTC Sending $5.6 Million in Refunds to Ring Customers Over Security Failures

The FTC is sending a total of $5.6 million in refunds to over 117,000 Ring customers as result of a...

April 25, 2024

CISA Releases Eight Industrial Control Systems Advisories

CISA released eight Industrial Control Systems (ICS) advisories on April 25, 2024. These advisories provide timely information about current security...

April 25, 2024

Hitachi Energy MACH SCM

View CSAF 1. EXECUTIVE SUMMARY CVSS v4 8.9 ATTENTION : Exploitable remotely Vendor : Hitachi Energy Equipment : MACH SCM...

April 25, 2024

Honeywell Experion PKS, Experion LX, PlantCruise by Experion, Safety Manager, Safety Manager SC

View CSAF 1. EXECUTIVE SUMMARY CVSS v3 9.1 ATTENTION : Exploitable remotely/low attack complexity Vendor : Honeywell Equipment : Experion...

April 25, 2024

Multiple Vulnerabilities in Hitachi Energy RTU500 Series

View CSAF 1. EXECUTIVE SUMMARY CVSS v4 7.0 ATTENTION : Exploitable remotely/low attack complexity Vendor : Hitachi Energy Equipment :...

April 25, 2024

Siemens RUGGEDCOM APE1808 Devices Configured with Palo Alto Networks Virtual NGFW

As of January 10, 2023, CISA will no longer be updating ICS security advisories for Siemens product vulnerabilities beyond the...

April 25, 2024

Vulnerabilities Expose Brocade SAN Appliances, Switches to Hacking

The Brocade SANnav management application is affected by multiple vulnerabilities, including a publicly available root password. The post Vulnerabilities Expose...

PREVENTATIVE RESOURCES

Governmental and Law Enforcement

Legal Matters

Insurance Resources

In Case of Cyber Attack Emergency

If a ransomware incident occurs at your organization, CISA, FBI, and NSA recommend the following actions:

Follow the Ransomware Response Checklist on p. 11 of the CISA-Multi-State Information Sharing and Analysis Center (MS-ISAC) Joint Ransomware Guide
Scan your backups. If possible, scan your backup data with an antivirus program to check that it is free of malware.
Report incidents immediately to CISA at https://us-cert.cisa.gov/report, a local FBI Field Office, or U.S. Secret Service Field Office
Apply incident response best practices found in the joint advisory from Australia, Canada, New Zealand, the United Kingdom, and the United States on Technical Approaches to Uncovering and Remediating Malicious Activity.

Contact your Local FBI Office - https://www.fbi.gov/contact-us/field-offices

Report a Complaint to the FBI’s Internet Criminal Complaint Center: www.IC3.gov

Technical Expertise/Crisis Communications

RansomwareClock.org

RansomwareClock.org

ALL RIGHTS RESERVED 2022

RansomwareClock.org

ALL RIGHTS RESERVED 2021