Ransomware: A Nightmare for Business

September 2016

ransomeware-hiscox-200x200Ransomware is one of the biggest cyber threats faced by businesses of all sizes. After witnessing serious attacks in 2015, experts expect the number, intensity, and financial impact of ransomware attacks to increase significantly in 2016.

What is ransomware? What damage can it cause businesses? What is the average payment demanded by cyber criminals?

This infographic, which forms part of a series of infographics released by Advisen and Hiscox, responds to these questions. It also looks into which industries bore the brunt of ransomware attacks in the last five years. In this infographic, Hiscox also focuses on business interruption losses, as well as other types of losses suffered by victims of ransomware attacks.