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

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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

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BreachRx Raises $6.5M to Revamp Incident Response Reporting Systems

Investors make an early-stage $6.5 million bet on BreachRx, a startup promising to shield cybersecurity executives from personal liability. The...

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April 19, 2024

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April 19, 2024

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April 19, 2024

First Major Attempts to Regulate AI Face Headwinds From All Sides

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April 19, 2024

Cisco Releases Security Advisories for Cisco Integrated Management Controller

Cisco has released security advisories for vulnerabilities in the Cisco integrated management controller. A remote cyber threat actor could exploit...

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April 19, 2024

US Government Releases Guidance on Securing Election Infrastructure

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April 19, 2024

Akira Ransomware Made Over $42 Million in One Year: Agencies

Akira ransomware has hit over 250 organizations worldwide and received over $42 million in ransom payments. The post Akira Ransomware...

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April 19, 2024

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Telecom giant Frontier shuts down systems to contain a cyberattack that led to personal information compromise. The post Frontier Communications...

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April 19, 2024

OpenMetadata Vulnerabilities Exploited to Abuse Kubernetes Clusters for Cryptomining

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April 18, 2024

SAP Applications Increasingly in Attacker Crosshairs, Report Shows

Malicious hackers are targeting SAP applications at an alarming pace, according to warnings from Onapsis and Flashpoint. The post SAP...

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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:

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