RANSOMWARE - Trends
▪ Average Cost of a Data Breach - $4.24MM - Up 10% from 2020 ▪ Average Total Cost of a Ransomware Event - $4.62MM - NOT including ransom payment ▪ Average # of Days to Identify and Contain Breach – 287 - Companies with a higher number of remote workers averaged 58 days longer than others
▪ Average Cost of Breach: Hospitality Industry - $3.03MM - Way up from $1.72MM in 2020
Source: IBM Security. Ponemon Institute, Cost of a Data Breach Report, 2021; available at https://www.ibm.com/security/data-breach
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