The Impact of Ransomware

  • Ransomware-related data breaches were even higher, averaging USD 5.13 million.
  • This figure does not include the cost of the ransom payment, which averaged an additional USD 1,542,333 (up 89% from the previous year).
  • By one estimate, cybercrime could cost the world economy USD 10.5 trillion per year by 2025. Source

  • Small and medium-sized businesses (SMBs) are particularly vulnerable due to limited resources for cybersecurity.
  • Many SMBs struggle to recover after a ransomware attack, leading to business closures.

Cost of Data Breaches: Cyberattacks can disrupt, damage, or even destroy businesses.

Cybersecurity: Understanding Your Risk

Some of the most common ways you can be compromised

Phishing Attacks

Phishing Attacks

Cybercriminals send fraudulent emails impersonating legitimate entities to trick users into revealing personal or financial information.

Password Attacks

Password Attacks

Attempts to guess or crack user passwords for unauthorized access.

Denial-of-Service

Denial-of-Service Attacks

Overwhelm a system’s resources, rendering it unable to respond to legitimate requests.                                                                                         

Spoofing

Spoofing

Cybercriminals impersonate a trusted entity to deceive users or gain unauthorized access.