Cost Of Ransomware In 2025. Infographic The 5 Phases of a Ransomware Attack Working with law enforcement led to an average ransomware cost of $4.64 million, Ransomware attacks increasingly target organizations of all sizes, with 47% of organizations with revenue under $10 million reporting attacks over the past year ( Sophos ).
What is ransomware Lumu Technologies from lumu.io
This analysis covers industry-specific costs, hidden expenses, current trends, and prevention strategies Building Community and Making Cybersecurity Accessible - March 13, 2025; Where Ransomware and Geopolitical Tensions Intersect - March 5, 2025; Why the SOC of Tomorrow Won't Look Like Today's - February 24, 2025
What is ransomware Lumu Technologies
While the average ransom payment dropped from $850,000 to $569,000 in 2024, the total cost of ransomware incidents increased due to recovery expenses, lost sales, and reputational damage Ransomware costs are projected to reach around $265 billion USD annually by 2031, significantly up from $20 billion in 2021 (Cybersecurity Ventures) Attacks lead to wide-scale disruptions, large data breaches, huge payouts and millions of dollars in costs to businesses.
Cybersecurity Market Growth, Share, Report to 2030. Learn why the average breach cost surged to $4.88 million and how sectors like healthcare, finance, and energy are affected by growing cyber threats. Ransomware costs are projected to reach around $265 billion USD annually by 2031, significantly up from $20 billion in 2021 (Cybersecurity Ventures)
The True Cost of Ransomware. Attacks lead to wide-scale disruptions, large data breaches, huge payouts and millions of dollars in costs to businesses. Ransomware attacks increasingly target organizations of all sizes, with 47% of organizations with revenue under $10 million reporting attacks over the past year ( Sophos ).