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Ransomware Mayhem: CNI Ransom Payments Soar 41x, Recovery Costs Skyrocket
Ransomware attacks on critical national infrastructure organizations saw median ransom payments skyrocket to $2.54 million. IT, tech, and telecoms were the least likely to pay big bucks, while lower education and federal government orgs reported average payments of $6.6 million. Recovery costs also surged, especially…
Hot Take:
Well, that’s one way to make “Ransomware: The Sequel” even more terrifying. At this rate, hackers will be able to afford their own private islands, while the rest of us struggle to recover from their digital carnage!
Key Points:
- Median ransom payments for critical national infrastructure (CNI) skyrocketed to $2.54 million, a 41-fold increase from last year.
- Lower education and federal government organizations reported the highest average ransom payments at $6.6 million.
- Recovery costs for CNI sectors have significantly increased, with some sectors seeing costs quadruple.
- The energy and water sectors have the slowest recovery times, with only 20% recovering within a week.
- Exploited vulnerabilities remain the top cause of CNI ransomware attacks, responsible for 49% of incidents.
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