GITNUX MARKETDATA REPORT 2024

Ransomware Attacks Statistics: Market Report & Data

With sources from: journalofaccountancy.com, coveware.com, techjury.net, cybersecurityventures.com and many more

Statistic 1

In 2019, the total cost of ransomware attacks globally was $7.5 billion.

Statistic 2

More than 33% of all cyber-attacks are grounded in ransomware.

Statistic 3

Every 14 seconds in 2019, a new organization fell victim to ransomware.

Statistic 4

The average ransomware payment increased to $233,817 in Q3 2020.

Statistic 5

51% of organizations were targeted by ransomware in 2020.

Statistic 6

59% of ransomware victims paid the ransom demand in the year 2020.

Statistic 7

More than 4,000 ransomware attacks have occurred every day since the beginning of 2016.

Statistic 8

Healthcare was the most targeted industry by ransomware in 2020, accounting for 28% of all attacks.

Statistic 9

92% of organizations recovered their data via backups without paying the ransom.

Statistic 10

50% of cyber security professionals said their organization is unprepared to repel a ransomware attack.

Statistic 11

Ransomware accounted for 41% of all cyber insurance claims made in H1 2020.

Statistic 12

Ransomware attacks averaged at around 202.3 million in Q2 2020, an increase of 605% compared to Q1.

Statistic 13

Half of all ransomware victims are likely to get hit again.

Statistic 14

84% of organizations in the US experienced a ransomware attack in the last twelve months.

Statistic 15

In 2020, the average downtime from a ransomware attack was 21 days.

Statistic 16

Ryuk ransomware was accountable for a third of all ransomware attacks in 2020.

Statistic 17

In the first quarter of 2020, the average ransom demand was $111,605.

Statistic 18

67% of surveyed companies admitted that they had paid a ransom to recover their data in 2020.

Statistic 19

59% of businesses worldwide recognize ransomware as the biggest cyber threat to their industry in 2020.

Statistic 20

18 minutes is the average time required to detect a ransomware attack in a med-sized company.

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In this post, we will explore a comprehensive analysis of ransomware attacks, shedding light on the alarming statistics that highlight the pervasive threat cybercriminals pose to organizations worldwide. From the staggering financial implications to the frequency of attacks and industry vulnerabilities, these statistics underscore the urgent need for robust cybersecurity measures.

Statistic 1

"In 2019, the total cost of ransomware attacks globally was $7.5 billion."

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Statistic 2

"More than 33% of all cyber-attacks are grounded in ransomware."

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Statistic 3

"Every 14 seconds in 2019, a new organization fell victim to ransomware."

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Statistic 4

"The average ransomware payment increased to $233,817 in Q3 2020."

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Statistic 5

"51% of organizations were targeted by ransomware in 2020."

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Statistic 6

"59% of ransomware victims paid the ransom demand in the year 2020."

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Statistic 7

"More than 4,000 ransomware attacks have occurred every day since the beginning of 2016."

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Statistic 8

"Healthcare was the most targeted industry by ransomware in 2020, accounting for 28% of all attacks."

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Statistic 9

"92% of organizations recovered their data via backups without paying the ransom."

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Statistic 10

"50% of cyber security professionals said their organization is unprepared to repel a ransomware attack."

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Statistic 11

"Ransomware accounted for 41% of all cyber insurance claims made in H1 2020."

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Statistic 12

"Ransomware attacks averaged at around 202.3 million in Q2 2020, an increase of 605% compared to Q1."

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Statistic 13

"Half of all ransomware victims are likely to get hit again."

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Statistic 14

"84% of organizations in the US experienced a ransomware attack in the last twelve months."

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Statistic 15

"In 2020, the average downtime from a ransomware attack was 21 days."

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Statistic 16

"Ryuk ransomware was accountable for a third of all ransomware attacks in 2020."

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Statistic 17

"In the first quarter of 2020, the average ransom demand was $111,605."

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Statistic 18

"67% of surveyed companies admitted that they had paid a ransom to recover their data in 2020."

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Statistic 19

"59% of businesses worldwide recognize ransomware as the biggest cyber threat to their industry in 2020."

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Statistic 20

"18 minutes is the average time required to detect a ransomware attack in a med-sized company."

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Interpretation

Ransomware continues to be a significant and growing threat in the cybersecurity landscape, as evidenced by the staggering statistics presented. The financial impact of ransomware attacks is substantial, with billions of dollars lost globally. The frequency of attacks is alarming, with organizations falling victim every few seconds, and the average ransom payment rising significantly. Despite a high percentage of victims paying the ransom demands, many organizations have successfully recovered their data through backups. However, the statistics also reveal concerning vulnerabilities, such as a lack of preparedness among cybersecurity professionals and the likelihood of repeat attacks on previous victims. The healthcare industry remains a prime target, and the increasing sophistication of ransomware strains like Ryuk further compounds the challenge of mitigation and recovery. With businesses worldwide recognizing ransomware as a top cyber threat, the urgency to bolster defenses, improve response times, and enhance overall cybersecurity posture is paramount in mitigating the pervasive and damaging effects of ransomware attacks.

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