SecureWorks reports that ransomware demands have dramatically increased over recent years, with notable cases such as Travelex paying $2.3 million and a U.S. law firm facing demands up to $41 million around 2019-2020. These ransom demands, which were around $10,000 three to four years ago, have grown significantly both in size and frequency. The rising costs are driven not only by ransom payments but also by downtime, lost revenue, and recovery expenses. SecureWorks data shows ransomware attacks are now deployed faster—within 24 hours of initial access in over half of cases—making the threat more intense and costly for victim organizations. This escalating financial impact emphasizes why organizations need robust defenses and preparedness to manage these growing cyber risks effectively.

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