Majority of Ransomware Attacks Targeted SMBs, according to Report
Beazley Breach Response Services has published a report with its analysis of the more than 3,300 data incidents it investigated in 2018. Among other highlights, the report notes that 71% of ransomware attacks targeted small-to-medium sized companies (SMBs). The report also observed that the average ransomware demand in 2018 was more than $116,000, although this was skewed by some very large demands. The median was $10,310. The highest demand received among the cases investigated by Beazley was for $8.5 million – the equivalent of 3,000 Bitcoin at the time.