Ransomware Attacks Costs Nearly Triple in 2019 to over $36K Per Attack

The latest data from ransomware recovery vendor, Coveware, outlines the current state of the cost, duration, and recovery rate of ransomware attacks today.

Many organizations still think ransomware is merely a nuisance, impacting only a few machines and requiring only restoring backups to address. But the Coveware Q2 Ransomware Marketplace Report tells a different story.

According to the report:

The average ransom payment increased by 184% from Q1 to Q2 this year, nearly tripling the cost from $12,762 to $36,295
RDP compromise is the primary attack vector in 59% of attacks
The average downtime from an attack is 9.6 days
96% of orgs receive a working decryption tool when paying the ransom
On average, 8% of decrypted data is lost

These details paint a pretty exact picture of what to expect should your organization be hit by ransomware.

There are two action items you can take away from this report:

Close off RDP access from the Internet – the bad guys are simply automating the testing of connections across millions of IP addresses, so this is opportunistic… and you’re providing the opportunity if you haven’t closed off RDP.
Train your users – Email Phishing is still used in just over one-third (34%) of attacks, according to the report. Putting users through Security Awareness Training will teach them to spot phishing emails intent on infecting their machine and keep themselves (and the organization) from going through the scenario depicted above.

Get Your Ransomware Hostage Rescue Manual

Ransomware is estimated to have a global damage costing organizations $11.5 billion in 2019. This 20-page manual is packed with the actionable information you need to prevent infections, and find what to do when you are hit with malware like this.

You will learn more about: