#RecoveryCosts

Ransomware continues to pile on costs for critical infrastructure victims

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July 17, 2024 at 11:10AM Ransomware attack costs on critical national infrastructure organizations surged this year, as Sophos reports a median ransom payment spike to $2.54M, 41 times higher than last year. Costs to recover also rose significantly, with IT sectors reporting the lowest average payment of $330,000, and education and federal government recording the … Read more

British Library: Finances remain healthy as ransomware recovery continues

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January 8, 2024 at 08:26AM The British Library is disputing reports of potentially $9 million recovery costs from a 2023 ransomware attack, with final costs unconfirmed. The attack caused significant disruption, with various systems offline. The recovery process could take several months, impacting services and payments to authors. The library will issue updates on its … Read more