This Year, Phishing Causes Losses of $17,700 per minute And Ransomware Attacks Will Cost $22,184 Per Minute

evilinternetminute2019-infographic-small-4Global losses to cybercrime total $1.5 trillion per year, which amounts to $2.9 million per minute, a new report by RiskIQ shows. Some of the largest companies are losing $25 each minute due to security breaches. Phishing campaigns accounts for losses of $17,700 per minute and ransomware attacks are expected to cost the world $22,184 per minute this year. 
RiskIQ CEO Lou Manousos says that “with the recent explosion of web and browser-based threats, organizations should look to what can happen in a matter of minutes and evaluate their current security strategy.” In particular, firms need to “realize that they are vulnerable beyond the firewall, all the way across the open internet.”
Every minute, $2,900,000 is lost to cybercrime and top companies pay $25 per minute due to security breaches. In RiskIQ’s 2019 Evil Internet Minute, find out what else takes place in about the same amount of time as it takes to reply to an email, including:
  • The cost of hacks on cryptocurrency exchanges every minute
  • The amount lost from phishing attacks per minute
  • The projected by-the-minute cost of global ransomware events in 2019
  • Amount of identifier records compromised every minute
  • Malicious redirectors detected each minute
  • Phish traversing the internet per minute
  • Blacklisted apps by-the-minute
  • Magecart attacks detected every minute

Here is a link to the INFOGRAPHIC, or copy and paste the below in your browser.

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