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The true cost of ransomware goes far beyond ransom payments

The harsh reality is that businesses need to accept that it’s not a case of if they’ll fall victim to a ransomware attack, but when, writes Jon Toor, chief marketing officer at Cloudian.

Updated August 18, 2021 / Original August 19, 2021

By Jon Toor

CMO, Cloudian

4 Mins

August 19, 2021 | 12:00 AM BST

Calculating the true cost of a ransomware attack is notoriously difficult. Frequently, IT decision-makers estimate the immediate cost of getting business operations back up-and-running. Beyond this, however, it’s difficult to put a price tag on the broader effects, which can include reputational damage and bruised investor confidence, until long after an attack happens.

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