Report: Ransomware Attacks and the True Cost to Business 2022


Ransomware continues to dominate the threat landscape in 2022. Organizations are under siege from a wide variety of threats, but ransomware offers threat actors a unique combination of very low risk with very high reward—which is why the volume of ransomware attacks nearly doubled from the previous year, and the total cost of ransomware was estimated to exceed $20 billion.

Ransomware began as little more than a new type of malware exploit with a different payload—generating revenue by extorting payment from victims—but it has evolved into a complex business model. The malware payload is just one element of the much larger ransomware operation, or RansomOp, that make today’s attacks far more sophisticated and insidious. 

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