Ransomware Attack on Banks Costs an Average of $6.08 Million Along With Downtime & Reputation Loss

Ransomware Attack on Banks Costs an Average of $6.08 Million Along With Downtime & Reputation Loss

Financial institutions worldwide are facing unprecedented ransomware threats, with new data revealing the staggering economic impact these attacks inflict. In 2024, the average cost of data breaches in the banking sector has reached $6.08 million per incident, marking a 10%… Read more → The post Ransomware Attack on Banks Costs an Average of $6.08 Million Along With Downtime & Reputation Loss appeared first on IT Security News.

After some calmness, security experts now again record a strong increase in attacks with ransomware. Compared to February 2024, the attacks in February 2025 were at a plus of 126 percent. Germany is in the top 5 of the attacked countries. According to experts from Bitdefender Labs last February 2025 was a record month. For their analysis within the monthly Bitdefender Threat Debriefs, Bitdefender experts evaluated the Internet pages of more than…