Ransomware attacks on the global finance sector have cost US$32.3 billion in downtime alone since 2018. That’s according to new research from Comparitech, which found that 225 financial organizations are confirmed to have been hit by a ransomware attack in the last five years, exposing at least 32.3 million individual records. Downtime from attacks varied from one day to 52 days, with the average varying from 10 days to 14 days, Comparitech said. Ransom demands varied from US$180,000 to US$40 million, with an average demand of US$6.9 million, suggesting that around US$2.14 billion in ransom payments has been demanded in total, the firm added.
