Ransomware: The $270 Billion Beast Shaping Cybersecurity
Fortra, Tuesday, February 18th, 2025
Ransomware has evolved into one of the most devastating cyber threats of modern times, creating previously unimaginable financial and operational hardships for entities in every sector.
As malicious actors employ increasingly sophisticated tools, honing their tactics and spreading their tentacles, understanding the key trends, targeted industries, and financial impact is at the heart of successfully mitigating risks.
With this in mind, the Cyentia Institute, a data-driven cybersecurity research company, has released its Information Risk Insights Study on Ransomware, which offers a 'detailed analysis of the frequency and impact of ransomware events. To compile the report, the company uses a vast dataset containing more than 14,000 ransomware events that made up over a billion data records and led to projected financial losses topping a staggering $270 billion over the last five years.
In this blog, we'll look at some of the key findings of this report.