The Kaspersky Lab study found that the average cost of recovery from a single security incident for a business in the United States is estimated to be $86.5K for small- to medium-sized businesses (SMBs) and $861k for large businesses. 2 An attack could cause the loss of customers and set a lasting, negative reputation. The longer it takes for a company to identify and contain a data breach, the more it can cost to resolve the issue, and in some cases, shut their doors for good.
- Almost 20 percent of organizations hit with targeted attacks were demanded to pay more than $10,000.
- Of the U.S. companies victimized, more than 25 percent lost files as a result of not paying the ransom.3
- Organizations that chose not to pay a ransom, opted out thanks to a recent backup of their files.