The state of ransomware in 2018

19 July 2018 by Mark Williams

Ransomware made headlines in 2017 with the onset of attacks like WannaCry. But, even though we’ve seen fewer high-profile attacks in 2018, the ransomware threat has far from diminished.

Check out these 15 ransomware statistics and visit pensar.co.uk/business-guide-to-ransomware for your free, downloadable guide to protecting your business from an attack.

 The state of ransomware in 2018 infographic

 

Ransomware is still a big problem for business

  • The number of ransomware attacks worldwide rose by 350% in 2017[1]
  • 81% of cybersecurity experts believe there will be more ransomware attacks in 2018 than in the previous year[2]
  • The number of new ransomware variants grew by 46% in the last year[3]
  • By the end of 2019, one business will experience a ransomware attack every 14 seconds[4]

 

The most costly form of malware

  • The global cost of ransomware attacks is predicted to reach US$11.5 billion by 2019[5]
  • Businesses lose more than US$8,000 per hour due to ransomware-induced downtime[6]

 

A silver lining?

  • Some research showed ransomware attacks made up less than 5% of all malware attacks at the beginning of 2018[7]
  • 75% of ransomware detected was from just two families, suggesting criminals are losing interest in other types of ransomware.[8]

 

You can’t afford complacency

Though the ransomware landscape is evolving, the threat remains serious for businesses across the globe. Download our business guide to ransomware and protect your business before it’s too late: pensar.co.uk/business-guide-to-ransomware.

Sources


 [1] Dimension Data (2018) NTT Security 2018 Global Threat Intelligence Report. 

[2] CIO Dive (2018) ‘Cybersecurity experts agree - expect more ransomware this year’,

published 24/05/2018.

[3] Symantec (2018) Internet Security Threat Report - Volume 23.

[4] Cybersecurity Ventures (2017) ‘Global Ransomware Damage Costs Predicted To Hit $11.5 Billion by 2019’,

published 14/11/2017.

[5] ibid.

[6] Datto (2016) ‘American Small Businesses Lose an Estimated $75 Billion a Year to Ransomware, New Datto Survey Finds’,

published 07/09/2016.
 [7] Barkly (2018) ‘10 Must-Know Cybersecurity Statistics for 2018’, published 02/2018. 

[8] Dimension Data (2018) NTT Security 2018 Global Threat Intelligence Report.
Download Pensar's business guide to ransomware

Free email updates

Get Pensar business IT articles in your inbox.