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Ransomware Recovery Costs Skyrocket: Critical Infrastructure Feels the Pinch
Ransomware recovery costs have surged for critical infrastructure industries, with the median hitting $3 million in 2024, according to Sophos. Exploited vulnerabilities are a major entry point, suggesting outdated software and hardware are a significant risk.
Hot Take:
Looks like ransomware attackers are treating critical infrastructure like an all-you-can-eat buffet. And judging by the $3 million recovery bill, they’ve upgraded from fast food to five-star dining.
Key Points:
- Recovery costs for ransomware attacks on critical infrastructure have skyrocketed to $3 million in 2024.
- This cost is four times higher than the global median for such attacks.
- Half of these attacks exploit vulnerabilities in outdated hardware and software.
- The median ransom payment in these sectors has also jumped to over $2.5 million.
- The Energy and Water sectors are particularly hard-hit, with 67% reporting attacks in 2024.
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