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What’s the impact of a security breach?

security breach

It costs an average of $1.85 million to recover from a ransomware attack—an expense of $20 billion worldwide last year alone. And the cost of ransomware is expected to rise to $265 billion by 2031.

Aside from the expense, a security breach can result in lost revenue, downtime, legal action, and loss of consumer trust. That’s why it’s more important than ever to know the facts and stats of cybercrime.

cost of ransomware

Source: Trellix

Read next: 2021 SMB Threat Landscape – An Infographic

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