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

October 22, 2024

US Police Detective Charged With Purchasing Stolen Credentials

Terrance Michael Ciszek is charged with buying stolen account credentials from the Genesis Market dark web marketplace. The post US...

October 22, 2024

Stream.Security Secures $30 Million Series B

Stream.Security (formerly Lightlytics) has raised a total of $55 million since launching in 2020 with a cloud data security product....

October 22, 2024

SecurityWeek’s 2024 ICS Cybersecurity Conference Kicks Off in Atlanta

Premier Industrial Cybersecurity Conference offers 80+ sessions and hands-on training to tackle critical infrastructure cyber threats. The post SecurityWeek’s 2024...

October 22, 2024

Google Warns of Samsung Zero-Day Exploited in the Wild

A zero-day vulnerability in Samsung mobile processors has been abused as part of an exploit chain for arbitrary code execution....

October 22, 2024

ICONICS and Mitsubishi Electric Products

View CSAF 1. EXECUTIVE SUMMARY CVSS v3 7.8 ATTENTION : Low attack complexity Vendor : ICONICS, Mitsubishi Electric Equipment :...

October 22, 2024

CISA Releases One Industrial Control Systems Advisory

CISA released one Industrial Control Systems (ICS) advisory on October 22, 2024. These advisories provide timely information about current security...

October 22, 2024

CISA Adds One Known Exploited Vulnerability to Catalog

CISA has added one new vulnerability to its Known Exploited Vulnerabilities Catalog , based on evidence of active exploitation. CVE-2024-38094 Microsoft...

October 22, 2024

Critical Vulnerabilities Expose mbNET.mini, Helmholz Industrial Routers to Attacks

Critical and high-severity vulnerabilities that can lead to full device compromise have been found in mbNET.mini and Helmholz industrial routers....

October 22, 2024

BlackCat Ransomware Successor Cicada3301 Emerges

The Cicada3301 ransomware shows multiple similarities with BlackCat and is believed to mark the reemergence of the threat. The post...

October 22, 2024

Latrodectus Malware Increasingly Used by Cybercriminals

Latrodectus malware has been increasingly used by cybercriminals, with recent campaigns targeting the financial, automotive and healthcare sectors. The post...

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

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RansomwareClock.org

ALL RIGHTS RESERVED 2021