Ransomware Statistics

Ransomware is a type of malware that stops users from accessing their data until a ransomware payment is arranged. The money is usually paid in cryptocurrencies to avoid any kind of detection. Ransomware criminals trick you into clicking on infected links. They usually do this by copying the general look of an email to mask their nefarious intentions.

This cybercrime has established a reputation as a high-yield revenue option, as you will soon see from our ransomware statistics. The truth is, however, that ransomware can only bring a large amount of money to individuals—it falls short with bigger hacker organizations. You will see in the text below how ransomware attacks have become less frequent, but at the same time, they’re becoming more and more targeted and sophisticated.

To minimize the risk of becoming a ransomware target, check out the best antivirus software to protect your data online!

Key Ransomware Stats

Ransomware cost businesses more than $8 billion in the past year


The average cost of a ransomware attack on businesses is $133,000


The estimated losses in 2019 for the healthcare industry are $25 billion


The global spending on cybersecurity is over $14 billion


Ransomware is behind 56% of malware attacks


95% of ransomware profits went through the cryptocurrency trading platform BTC-e


GENERAL RANSOMWARE STATS, FREQUENCY, AND REVENUE

1. Ransomware’s minimum annual global revenue is $1 billion

Here’s your answer to the question, How much did ransomware make in 2018? This is a large sum, and as a 2018 study from Bromium suggests, cybercrime brings in more revenue than working in a legitimate company. This figure includes both of the types of ransomware, as in, encryption and screen-locking ransomware.

2. Ransomware cost businesses more than $8 billion per year in 2018

How much does ransomware cost? This is an incredibly high surge compared to 2016, when the annual cost of ransomware was estimated at $1 billion. It’s also important to mention that the money is only a part of what a company loses. The company’s reputation, the downtime, and other factors all amount to disastrous consequences behind these ransomware statistics.

3. There was a 79% overall increase in malware-targeted businesses in 2018

Attackers have realized that businesses will bring them a higher revenue than an individual person. Even though the use of ransomware has decreased, the attacks are now more targeted manual attacks, according to a 2019 report on the state of malware from Malwarebytes.

4. 25% of cyber insurance claims in 2017 were related to ransomware attacks (AIG, 2018)

This did not prove too effective, as most businesses seek help in vain. The amount of time businesses spend unable to access their data, as well as the costs of rebuilding, well surpass the ransom demand.

 

5. The average ransom demand was cut in half in 2018, dropping from $1,077 to $522

This mostly goes for small business ransomware attacks. The 2017 prices increased threefold when compared to 2016. Conversely, the average ransomware demand in 2018 is larger for enterprises.

 

6. GandCab Version 5 requires its victim to pay $2,499 for the decryption key

Some individual new versions of file-encrypting ransomware require quite a bit more money than the yearly average, as stated in the McAfee ransomware report from December 2018. Past versions asked for $1,000.

 

7. Fewer than a third of the businesses that pay the ransom retrieve all of their money

So much for the efficacy of the legal system and their ability to make up for the companies’ losses caused by cybercrime. Most businesses need to understand that, when it comes to ransomware.  

 

8. The number of new ransomware variants has increased by 46%

Bigger, better, and more sophisticated ransomware strains