Coalition sees decline in ransom demands, rise in BEC severity

The financial sector experienced notable impacts, with recovery costs averaging $2.58 million per incident in 2024, up from $2.23 million in 2023. Ransom demands in this sector varied widely, ranging from $180,000 to $40 million, with an average demand of $6.9 million. Additionally, the sector faced significant downtime costs, estimated at $32.3 billion since 2018.

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