This increase is estimated at 30% year-over-year growth. ![]() Ransomware represents one of the most serious cyber threats of 2024, with projected costs to victims of approximately 265 billion dollars annually by 2031. ![]() This data from Cybersecurity Ventures shows the enormous economic impact of cyber attacks and raises a fundamental question: How much could cybercrime cost your organization? Ransomware: A Constantly Evolving Threat This translates to $793 billion per month, $182.5 billion per week, $26 billion per day, $1 billion per hour, $18 million per minute, and $302,000 per second.
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