Ransomware has been a success story for cybercriminals, breaking records and wreaking havoc in an unprecedented wave of cybercrime. From nation-state threat actors to scrappy freelancers working on the dark web, ransomware is everywhere and it’s the most damaging risk that many businesses face. These 10 ransomware facts tell the tale of how ransomware has grown and evolved to become the cybercrime juggernaut it is today. After looking at all of the facts, it’s clear that every organization must be on guard against ransomware – and our prescription for protecting your systems and data is fast, easy and affordable for everyone.

10 Essential Facts About Ransomware in 2021

  1. 61% of organizations worldwide experienced a damaging ransomware incident in 2020. 
  1. Ransomware demands are up by more than 40% already in 2021.   
  1. 85% of ransomware attacks target Windows systems. 
  1. IT teams are facing a 64% year-over-year increase in ransomware threat volume. 
  1. Two in five SMBs were impacted by ransomware in 2020.  
  1. The average ransomware payment in the third quarter of 2020 was $233,817,  
  1. The average ransom demand has increased by about 40%% over 2020. 
  1. Ransomware accounted for 41% of cyber insurance claims filed in 2020. 
  1. More than 80 % of reported security incidents are phishing related. 
  1. Hackers attack every 39 seconds or an average of 2,244 times a day 

A stunning one in four attacks that IBM Security X-Force Incident Response remediated in 2020 were caused by ransomware. Double extortion ransomware is a rising star as cybercriminals double down on their attacks to double their profits by requiring their victims to pay twice: once for the usual decryption code and a separate fee to not have the encrypted data copied by the gang. Practitioners of this tactic were responsible for more than 50% of all ransomware attacks in 2020.  

Make sure that your business is taking a strong security posture against cybercrime threats like ransomware with bundled insurance and risk protection. Contact one of our solutions experts to get started. 

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