Ransomware attacks cost the global financial industry over $32.3bn in downtime losses alone between 2018 and June 2023, according to a new report by Comparitech. Since 2018, 225 financial organizations were confirmed to have been hit by a ransomware attack. Insurance companies suffered the greatest number of attacks, with 65
Ransomware attacks cost global financial sector $32.3bn in downtime since 2018
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More than 14 million records have been affected this year so far, and the attacks have led to over $4bn in downtime costs.