Ransomware attack now costs $10.1mn on average, study shows
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Ransomware attack now costs $10.1mn on average, study shows

Cyber data encryption background money cropped.jpg

The average cost of a ransomware incident at a large company over the past five years was $10.1mn, while for small and medium-sized enterprises (SMEs), the average was $267,000, according to the 11th annual Cyber Claims Study by NetDiligence, a cyber risk response service.

The study looks at actual losses for data breaches and other cyber-related events covered by leading cyber insurance carriers.

The

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