Security News > 2024 > July > Ransomware continues to pile on costs for critical infrastructure victims

Costs associated with ransomware attacks on critical national infrastructure organizations skyrocketed in the past year.

There's a good chance that the numbers would be skewed if 100 percent of the total CNI ransomware victims polled were entirely transparent with their figures.

Costs to recover from ransomware attacks are also significantly up compared to the researchers' report last year, with some CNI sectors' costs quadrupling to a median average of $3 million per incident.

While the mean cost across oil, gas, energy, and utilities dropped slightly to $3.12 million from $3.17 million last year, the energy and water sectors saw the sharpest increase in recovery costs.

Just one in five were able to recover in a week or less according to the survey, compared to 41 percent the year before and 50 percent the year before that.

Exploited vulnerabilities topped the list of root causes for CNI ransomware attacks once again this year.

News URL

https://go.theregister.com/feed/www.theregister.com/2024/07/17/ransomware_continues_to_pile_on/