Resource Center

Threat actors are increasingly targeting SMBs due to their limited security resources and infrastructure. Malicious actors frequently target these organizations by taking advantage of their constraints and limited infrastructure and as security incidents and ransomware multiply across industries, SMBs now stand directly in harm’s way while working hard to safeguard their core business functions and data.

The average cost of remediating a ransomware attack for victim organizations exceeded $4.5 million in 2022, and this figure does not include the ransom payment, damage to brand, lost revenue from disruption to operations, increased cyber insurance premiums or other tangential costs. Ransomware is one of the biggest threats to any organization, regardless of size or industry. The downstream impacts from a large-scale ransomware event can have massive fiscal fallout and real-world repercussions. Traditional security solutions, while robust and effective for some threats, have clearly failed to protect organizations against ransomware attacks. There is a huge gap in protection and ransomware operators are expertly exploiting it to the tune of hundreds of millions of dollars yearly.

The targets of a ransomware attack aren't just big businesses, it's anyone with digital operations and an online footprint. Ransomware Groups have expanded their cyberattack operations to target government entities of all sizes. With a low cost of entry and a high success rate, these attacks have caused over $70B in damage between 2018 and 2022. This infographic breaks down the full scope.