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

July 26, 2024

Crooks Bypassed Google’s Email Verification to Create Workspace Accounts, Access 3rd-Party Services

Google says it recently fixed an authentication weakness that allowed crooks to circumvent email verification needed to create a Google Workspace...

July 26, 2024

IAM for MSPs Provider Evo Security Raises $6 Million

TechOperators leads a $6 million Series A funding round for Evo Security, a provider of IAM solutions for MSPs. The...

July 26, 2024

Progress Patches Critical Telerik Report Server Vulnerability

Progress Software calls attention to a critical remote code execution flaw in the Telerik Report Server product. The post Progress...

July 26, 2024

Threat Actors Exploit Fresh ServiceNow Vulnerabilities in Attacks

Threat actors have started exploiting critical-severity vulnerabilities in ServiceNow shortly after public disclosure. The post Threat Actors Exploit Fresh ServiceNow...

July 26, 2024

In Other News: FBI Cyber Action Team, Pentagon IT Firm Leak, Nigerian Gets 12 Years in Prison

Noteworthy stories that might have slipped under the radar: FBI article on agency’s Cyber Action Team, data of Pentagon IT...

July 26, 2024

US Offers $10 Million Reward for Information on North Korean Hacker

The US is offering a reward of up to $10 million for information on Rim Jong Hyok, a member of...

July 26, 2024

PKfail Vulnerability Allows Secure Boot Bypass on Hundreds of Computer Models

A vulnerability dubbed PKfail can allow attackers to run malicious code during the boot process, which can be used to...

July 26, 2024

97% of Devices Disrupted by CrowdStrike Restored as Insurer Estimates Billions in Losses

CrowdStrike says 97% of Windows systems impacted by its bad update are back online, just as an insurer predicts billions...

July 25, 2024

North Korean Charged in Ransomware Attacks on American Hospitals

A man who allegedly carried out attacks for a North Korean military intelligence agency has been indicted in a conspiracy...

July 25, 2024

Chainguard Raises $140 Million, Expands Tech to Secure AI Workloads

Software supply chain security startup Chainguard raises a $140 million Series C round that values the company at $1.2 billion....

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