An uptick in the frequency of ransomware cyber attacks will cost the global economy approximately $ 11.5bn in 2016 . In 2015 such attacks cost $ 325 m . That’s not likely to wane until the ransom payouts stop altogether. The prediction comes even as fewer victims are willing to pay the ransom demands issued by hackers deploying this method of attack . In particular , the healthcare sector is said to be particularly vulnerable . 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 2016 . In 2015 such attacks cost $ 325 m . The prediction comes even as fewer victims are willing to pay the ransom demands issued by hackers deploying this method of attack . In particular , the healthcare sector is said to be particularly vulnerable . The number of attacks on healthcare firms is slated to increase four - fold by 2020 .