Security News > 2020 > September > How ransomware attacks are growing in severity
Even worse, ransomware attacks have been getting more sophisticated and expensive.
A report released Thursday by cyber insurance provider Coalition looks at cyberattacks in general with details on how ransomware campaigns are becoming more severe.
Overall, the average severity of claims reported by policyholders jumped by 65% from 2019 to 2020, largely driven by the rising costs of ransomware.
Although the volume of ransomware claims fell by 18% from 2019 through the first half of 2020, the attacks themselves increased in severity, according to Coalition.
Based on the claims seen by Coalition, ransomware attacks typically prove more severe than other types of cyberattacks.
News URL
https://www.techrepublic.com/article/how-ransomware-attacks-are-growing-in-severity/#ftag=RSS56d97e7
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