Cost: Ransomware hits financial service providers particularly hard
More than 1,7 million euros in recovery costs - when ransomware hits a financial service provider. The international Sophos ransomware study shows: Financial service providers hit ransomware particularly hard - at the same time they also prove to be more resilient because they rely on backups. Financial service providers worldwide have to spend an average of 1,72 million euros in order to be able to work again after a ransomware attack. This is what Sophos determined in its analysis "The State of Ransomware in Financial Services 2021". The global mean of all industries is slightly below 1,59 million euros. At the same time, the studies show that the financial sector is quite resistant to ransomware attacks: 62 ...