The average cost of ransomware attacks in the fourth quarter of 2019 reached $84,116 – reflecting a staggering 104% increase from $41,198 in Q4 2018, a report from cyber incident response firm Coveware has found.
The cybersecurity firm noted in its report that, typically, the total cost of a ransomware attack includes the ransom payment (if one is made), network and hardware remediation costs, the organization’s lost revenue due to business interruption, and costs related to brand damage.
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