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July 3, 2024 at 12:13PM
In 2024, ransomware demands have soared, with an average extortion demand per attack surpassing $5.2 million in the first half of the year. The largest demand was $100 million following an attack on India’s RCC, followed by demands of $50 million and $25 million for other organizations. Despite a decrease in attacks, new breach disclosures may lead to an increase in 2024 figures. Compromised data includes 29.7 million records for private businesses, 52,390 for governments, and 5.4 million in healthcare.
Key takeaways from the meeting notes on ransomware trends in 2024 include:
– Average extortion demand per ransomware attack has surpassed $5.2 million per incident in the first half of the year.
– The largest demand recorded was $100 million after an attack on India’s Regional Cancer Center (RCC) on April 20.
– Synnovis, a UK pathology provider, and London Drugs, a Canadian retailer, faced extortion demands of $50 million and $25 million, respectively.
– The number of ransomware attacks decreased to 421 in the first half of 2024 from 704 attacks during the same period in 2023, but it is anticipated that the figures for 2024 will likely increase due to new SEC-mandated breach disclosures.
– Private businesses reported 29.7 million affected records, governments accounted for 52,390, and healthcare experienced 5.4 million compromised records in these attacks.