An uptick in the frequency of ransomware cyber attacks will cost the global economy approximately $11.5bn in 2019. “About a third of mid-sized British companies report having Bitcoin on hand to respond to ransomware emergencies when other options can't be immediately exhausted,” says Gotham Sharma, managing director at Exeltek Consulting Group, a New York City-based consulting firm specializing in cybersecurity and digital privacy. In 2015 such attacks cost $325m. The prediction comes even as fewer victims are agreeing to pay the ransom demands issued by hackers deploying this method of attack. Security Predictions for 2019 The number of attacks on healthcare firms is slated to increase four-fold by 2020.
An uptick in the frequency of ransomware cyber attacks will cost the global economy approximately $11.5bn in 2019. In 2015 such attacks cost $325m. The prediction comes even as fewer victims are agreeing to pay the ransom demands issued by hackers deploying this method of attack. Security Predictions for 2019 The number of attacks on healthcare firms is slated to increase four-fold by 2020.