Ransomware damages rise 15X in 2 years to hit $5 billion in 2017

The massive WannaCry outbreak caused an estimated $1 billion in damage costs in just its first four days. Cybersecurity Ventures predicts global ransomware damage costs will exceed $5 billion, up from $325 million in 2015. Ransom payouts are the least of all damage cost contributors. Experts have been urging victims of ransomware not to pay ransoms. The No More Ransom Project offers six strategies to protect against the attacks. Training employees how to detect and react to these threats are a critical deterrent.”]

Source: https://www.csoonline.com/article/3197582/ransomware-damages-rise-15x-in-2-years-to-hit-5-billion-in-2017.html