Ransomware Costs Surge by 17% Despite Fewer Cyber Insurance Claims
CFODive
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Contributed by: Kate Gamble
Summary
A recent report by Resilience highlights a troubling rise in the financial impact of ransomware attacks, with costs increasing by 17% in the first half of 2025, as these incidents now account for a staggering 76% of losses, up from 46% the previous year. Despite a decrease in cyber insurance claims, the average ransom demand from retail organizations has surged to $2 million, reflecting the growing sophistication of cybercriminal tactics. Conversely, recovery costs for these attacks have decreased by 40%, indicating that companies are enhancing their resilience and negotiation capabilities. For healthcare professionals, these trends underscore the urgent need for improved cybersecurity measures and response strategies to safeguard patient data and organizational assets.
