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7 unexpected ransomware costs

CSO Online

Bob Violino

Ransomware is one of the fastest-growing cybersecurity attacks. One of the factors that makes these threats especially intimidating is that the costs can be far-reaching. An August 2021 report from security consultancy NCC Group shows that the number of worldwide ransomware attacks analyzed by the firm’s Research Intelligence and Fusion Team increased by 288% between the first and second quarters of this year, “with organizations continuing to face waves of digital extortion in the form of targeted ransomware.”

While it’s common knowledge that ransomware can be expensive for the companies victimized by them—with costs tending to focus on lost business, ransom paid, consultant fees, etc.—there are also lesser-known...

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