After experiencing a ransomware attack, roughly 49 percent of organizations worldwide paid up ransom fees to get their encrypted data back. Survey data from January to March 2025 found that 54 percent of the affected companies used bachups to restore the data.

As of July 2025, the WannaCry ransomware attack launched in 2017 was the biggest attack by its impact. During this attack, cyber actors took over 250 thousand user accounts of Microsoft Windows. As a result of this attack, the company lost over four billion U.S. dollars. The latest of selected significant cyberattacks was the 2022 ransomware attack against Swisspost, in which 1.6 terabytes of data was stolen.

A 2025 survey of cybersecurity professionals of organizations worldwide revealed that 32 percent of the organizations suffered ransomware attacks due to exploited vulnerabilities. Compromised credentials were the second-most common cause of successful ransomware attacks, while malicious e-mail ranked third.

In 2024, the manufacturing was the industry most targeted by ransomware attacks. Companies in this sector saw 1,171 ransomware attacks in the examined period. The industrial control systems sector ranked second, with 177 incidents. Organizations in the transportation sector were the next-most targeted, seeing 176 ransomware attacks in the measured year.

In March 2025, a small logistics company in Ohio lost access to every operational file it had overnight. Trucks sat idle, routes scrambled, and customer data vanished into encryption. The attackers demanded payment in Bitcoin, $210,000, to unlock the systems. The company paid. What happened next? The decryptor didn’t work....

A 2024 survey of cybersecurity professionals of worldwide organizations revealed that the energy and utilities industry had the highest number of vulnerabilities exploited in ransomware attacks. The survey showed that the second-most common root cause of ransomware attacks was compromised credentials across all sectors, followed by malicious e-mail.

In the fourth quarter of 2023, around 43 percent of ransomware attacks worldwide targeted industrial organizations and infrastructures in North America, making it the continent with the highest number of ransomware attacks. Companies across European industry sectors saw about 32 percent of all global ransomware attacks. Asia ranked third, with about 14 percent of the global ransomware attacks recorded in the examined quarter.

In January 2025, a small fintech startup in Austin discovered it had fallen victim to a cyberattack. At first glance, the breach looked like a typical case of credential stuffing. But it wasn’t. The attacker had used an AI-driven system that mimicked the behavioral patterns of employees, learning login habits,...

Introduction

Notable Ransomware Statistics: Even in the year 2024, ransomware is ranked among the most disruptive and expensive types of cybercrime. This is software that keeps people from accessing their gadgets until they pay an amount, and it keeps getting better with time, while looking for people to pay or companies.

Data as of 2024 indicated that there was an upward trend in the prevalence and economic losses caused by ransomware attacks throughout the world. Emerged are some notable ransomware statistics to consider in the year 2024.

Between 2021 and 2024, the costs of recovery after ransomware attacks have doubled. In the latest measured year, the impact of the most significant ransomware attack cost organizations nearly three million U.S. dollars, up from 1.27 million U.S. dollars in 2021.

Introduction

Cybersecurity in Healthcare Statistics: As the healthcare sector increasingly integrates digital technologies, the need for robust cybersecurity measures has become more critical than ever. Adopting electronic health records (EHRs), telemedicine, and connected medical devices has significantly enhanced patient care and operational efficiency.

However, this digital shift has also exposed healthcare organizations to a rising tide of cyber threats, including data breaches, ransomware attacks, and hacks of medical devices. The sensitive nature of the data fuels these threats, such as personal health information (PHI) and payment records, making healthcare one of the most targeted cyberattack industries.

In response to these growing risks, healthcare providers must prioritize implementing stringent cybersecurity policies and embrace cutting-edge technologies like encryption, artificial intelligence, and multi-factor authentication. The sector is grappling with challenges such as outdated security systems, inadequate staff training, and the complexities of safeguarding networks of interconnected devices.

As cyberattacks become more frequent and sophisticated, understanding cybersecurity statistics within healthcare is essential for identifying vulnerabilities, assessing risks, and strengthening defenses to protect sensitive patient data and maintain trust within the industry.

In late 2024, a boutique digital marketing agency in Austin, Texas, experienced what seemed like a minor IT hiccup. Their systems froze for six hours. What they didn’t know was that a ransomware attack had quietly encrypted their data. Within 24 hours, the attacker demanded $25,000 in cryptocurrency. The firm,...

As of 2025, nearly 63 percent of businesses worldwide were affected by ransomware attacks. This figure represents a decrease on the previous year and was by far the lowest figure reported since 2020. Overall, since 2018, more than half of the total survey respondents each year stated that their organizations had been victimized by ransomware. Most targeted industries In 2024, the critical manufacturing industry in the United States was once again most targeted by ransomware attacks. Overall, organizations in this industry experienced 258 cyberattacks in the measured year. Healthcare and the public health sector ranked second, followed by government facilities, with 238 and 220 cyberattacks, respectively. Ransomware in the manufacturing industry The manufacturing industry, along with its subindustries, is constantly targeted by ransomware attacks, causing data loss, business disruptions, and reputational damage. Often, such cyberattacks are international and have a political intent. In 2024, exploited vulnerabilities were the leading cause of ransomware attacks in the manufacturing industry.

The Ransomware Recovery market is experiencing robust growth, driven by the escalating frequency and sophistication of ransomware attacks targeting businesses globally. The increasing digitization of businesses and the reliance on interconnected systems make organizations highly vulnerable. This vulnerability, coupled with the significant financial and reputational damage caused by successful ransomware attacks, is fueling demand for effective recovery solutions. While precise market sizing data is unavailable, based on industry reports and observed trends, the market is estimated to be valued at approximately $2 billion in 2025, with a Compound Annual Growth Rate (CAGR) of 15-20% projected through 2033. This growth is fueled by several key factors, including the rising adoption of cloud-based recovery services, advancements in data protection technologies like immutable storage and improved threat detection, and growing government regulations mandating robust data backup and recovery strategies. Major players in the market, including Coveware, Rubrik, and Druva, are innovating to provide comprehensive solutions encompassing data recovery, incident response, and cybersecurity consulting. The market is segmented by deployment (on-premise, cloud), service type (data recovery, ransomware response services), organization size (SMB, enterprise), and geography. While the increasing adoption of preventive measures like robust cybersecurity practices and employee training is a positive development, the persistent evolution of ransomware tactics, particularly the use of double extortion techniques (data encryption and exfiltration), continues to pose a significant challenge and sustain market demand. The global nature of cyberattacks and the need for cross-border collaboration in response efforts further contributes to the market's complexity and growth trajectory.

A 2023 survey among cybersecurity leaders of worldwide organizations revealed that 55 percent of organizations in Brazil paid the ransom and got data back. France ranked second by the share of organizations that restored the data by running backups, as 87 percent reported doing so. However, the country also ranked first by the percentage of companies that paid the ransom but didn't get the data back.

Ransomware Protection Market Outlook

The global ransomware protection market size is projected to grow from USD 15.1 billion in 2023 to USD 43.4 billion by 2032, reflecting a compound annual growth rate (CAGR) of 12.6% during the forecast period. This impressive growth rate is driven by the increasing incidences of ransomware attacks across various sectors, necessitating advanced protection solutions. The significant rise in digital transformations, combined with the proliferation of smart devices and the internet of things (IoT), has exposed vulnerabilities that cybercriminals are exploiting, thereby propelling the demand for robust ransomware protection measures.

A primary growth factor for the ransomware protection market is the surging number of cyber-attacks targeting organizations worldwide. As businesses continue to adopt digital technologies, they become more susceptible to sophisticated ransomware attacks, which can decrypt data and halt operations until a ransom is paid. The financial and reputational damages associated with such breaches drive organizations to invest heavily in advanced ransomware protection solutions. Furthermore, the increasing complexity of ransomware strains necessitates more robust and comprehensive security strategies encompassing prevention, detection, and response mechanisms.

Another significant driver is the stringent regulatory landscape governing data protection across various regions. Governments and regulatory bodies have instituted stringent data protection laws and compliance requirements, such as the General Data Protection Regulation (GDPR) in Europe and the California Consumer Privacy Act (CCPA) in the United States. These regulations mandate organizations to implement robust cybersecurity measures to safeguard against data breaches, thereby fueling the demand for ransomware protection solutions. Non-compliance can result in substantial fines and legal repercussions, incentivizing businesses to adopt advanced security frameworks.

The increasing adoption of cloud computing and remote working models further bolsters the ransomware protection market. The COVID-19 pandemic has accelerated the shift towards remote working, leading to an increased reliance on cloud infrastructure. While cloud services offer numerous benefits, they also present new security challenges, as data becomes accessible from various locations and devices. This shift has underscored the need for comprehensive ransomware protection solutions that can secure cloud environments and remote endpoints against potential threats, ensuring business continuity and data integrity.

From a regional perspective, North America is anticipated to hold the largest market share during the forecast period. The region's dominance can be attributed to the high incidence of cyber-attacks, substantial investments in cybersecurity infrastructure, and the presence of major industry players. Additionally, the Asia Pacific region is expected to witness the highest growth rate, driven by the rapid digitalization of economies, increasing awareness about cybersecurity threats, and government initiatives to bolster cybersecurity frameworks. The growing number of small and medium-sized enterprises (SMEs) in the region also contributes to the rising demand for ransomware protection solutions.

Component Analysis

The ransomware protection market is segmented by component into software and services. Within the software segment, various specialized solutions such as anti-ransomware software, encryption tools, and backup and recovery solutions play critical roles in safeguarding against ransomware attacks. Anti-ransomware software focuses on detecting and preventing ransomware from encrypting files and locking systems. Advanced algorithms and artificial intelligence (AI) are increasingly integrated into these software solutions to identify and mitigate ransomware threats dynamically. Encryption tools, on the other hand, protect data by converting it into unreadable formats, ensuring that even if data is accessed unauthorizedly, it remains unusable.

Backup and recovery solutions are indispensable components of ransomware protection strategies. These solutions ensure that organizations can recover their data without succumbing to ransom demands. By maintaining secure, regular backups of critical data, businesses can restore their systems to a pre-attack state, minimizing operational disruptions and financial losses. The growing sophistication of backup solutions, featuring automatic backups, cloud integration, and real-time recovery capabilities, underscores their importance in comprehe

Ransomware File Decryptor Market Outlook

The global ransomware file decryptor market size is anticipated to grow from USD 1.2 billion in 2023 to USD 4.8 billion by 2032, reflecting a compound annual growth rate (CAGR) of 16.5% during the forecast period. This robust growth is primarily driven by the increasing frequency and sophistication of ransomware attacks, compelling organizations across various sectors to invest substantially in ransomware file decryptor solutions.

The proliferation of ransomware attacks has surged dramatically over the past few years, becoming one of the most prevalent and damaging types of cybercrime. The increased reliance on digital platforms and remote work arrangements has expanded the attack surface for cybercriminals, making organizations more vulnerable. This heightened threat landscape is a significant growth factor for the ransomware file decryptor market, as businesses seek to mitigate the risks associated with data breaches and financial losses. Moreover, the rising volume of sensitive data being stored and transmitted electronically necessitates robust cybersecurity measures, further propelling market growth.

Another pivotal growth driver is the stringent regulatory environment that mandates data protection and cybersecurity compliance. Governments and regulatory bodies worldwide have implemented rigorous data security laws such as the General Data Protection Regulation (GDPR) in Europe and the California Consumer Privacy Act (CCPA) in the United States. These regulations compel organizations to adopt comprehensive cybersecurity frameworks, including ransomware file decryptor solutions, to avoid hefty fines and legal repercussions. Additionally, the increasing awareness among enterprises about the financial and reputational damage caused by ransomware attacks is fostering the adoption of these solutions.

The rapid advancement in ransomware attack techniques, including the use of artificial intelligence and machine learning by cybercriminals, further necessitates the adoption of advanced ransomware file decryptor tools. Organizations are increasingly recognizing the need for proactive and reactive measures to counteract these sophisticated threats. Innovations in cybersecurity technologies, including the development of more effective and efficient decryption tools, are also contributing to market expansion. The integration of AI and machine learning in ransomware file decryptors is enhancing their capability to counteract evolving ransomware strains, thereby driving market growth.

Regionally, North America holds a significant share in the ransomware file decryptor market, driven by the high incidence of ransomware attacks and stringent regulatory frameworks. The presence of major cybersecurity vendors and the early adoption of advanced cyber defense solutions in the region further bolster its market dominance. Europe also represents a substantial market share, attributed to the stringent data protection regulations and the increasing frequency of cyberattacks. The Asia Pacific region is expected to witness the highest CAGR during the forecast period, fueled by the rapid digital transformation, increasing cyber threats, and growing investments in cybersecurity infrastructure.

Component Analysis

The ransomware file decryptor market can be segmented by component into software and services. The software segment comprises various types of decryption tools designed to unlock files encrypted by ransomware. These solutions are increasingly sophisticated, utilizing advanced algorithms and machine learning techniques to identify and reverse the encryption methods used by ransomware. The demand for software solutions is driven by their efficiency, ease of deployment, and the ability to provide rapid decryption, minimizing downtime and data loss. As ransomware attacks become more advanced, the continuous development and innovation in decryption software are essential to keep pace with emerging threats.

On the other hand, the services segment includes professional services such as incident response, consulting, and managed security services. These services are crucial for organizations that lack the in-house expertise to deal with complex ransomware attacks. Incident response teams provide immediate support to organizations under attack, helping to contain the breach, assess the damage, and recover data using decryption tools. Consulting services offer strategic guidance on cybersecurity practices and help organizations develop robust defense mechanisms. Managed security services provide ongoing monitoring and threat detection, ensuring cont

As of 2024, ** percent of surveyed healthcare organizations in the U.S. that experienced a ransomware attack decrypted the data or removed the ransomware without paying ransom. While, ** percent said they paid the ransom to recover the data, but a further * percent did not recover data even after paying the ransom.

Ransomware Data Exfiltration Loss Insurance Market Outlook

According to our latest research, the Global Ransomware Data Exfiltration Loss Insurance market size was valued at $2.4 billion in 2024 and is projected to reach $12.8 billion by 2033, expanding at a CAGR of 20.7% during 2024–2033. The surge in high-profile ransomware attacks, particularly those involving data exfiltration, has led to a heightened demand for specialized insurance products that can mitigate the financial and reputational losses associated with these cyber threats. One major factor driving the growth of this market is the increasing sophistication and frequency of cyberattacks targeting critical data assets across industries, compelling organizations to seek robust risk transfer mechanisms in the form of ransomware data exfiltration loss insurance.

Regional Outlook

North America currently commands the largest share of the ransomware data exfiltration loss insurance market, accounting for over 45% of the global market value in 2024. This dominance is underpinned by the region’s mature cybersecurity ecosystem, widespread adoption of digital transformation initiatives, and stringent regulatory mandates such as HIPAA, CCPA, and New York’s DFS Cybersecurity Regulation. The presence of major insurance providers and a technologically advanced business landscape have further accelerated the uptake of ransomware insurance products, especially among large enterprises and the BFSI sector. The North American market is also characterized by a high awareness of cyber risk management, proactive investment in cyber resilience, and a robust legal framework that encourages the adoption of specialized cyber insurance policies.

In contrast, the Asia Pacific region is projected to be the fastest-growing market, with a remarkable CAGR of 24.3% forecasted through 2033. This rapid expansion is fueled by the exponential growth of digital infrastructure, rising incidences of ransomware attacks, and increased regulatory scrutiny in countries like China, India, Japan, and Australia. Enterprises across APAC are ramping up their cybersecurity budgets and seeking comprehensive insurance solutions as a part of their risk management strategies. The influx of international insurers, local partnerships, and government-led cyber awareness initiatives are further propelling market growth. The region’s large population of SMEs, many of whom are now digitizing operations, presents a vast untapped market for ransomware data exfiltration loss insurance products.

Emerging economies in Latin America and Middle East & Africa are witnessing a gradual but steady rise in the adoption of ransomware data exfiltration loss insurance. However, these regions face unique challenges such as limited cybersecurity maturity, lower insurance penetration, and a lack of standardized regulatory frameworks. Despite these hurdles, localized demand is increasing as governments and regulators introduce new policies to enhance cyber resilience, particularly in critical sectors like government, healthcare, and energy. The growing digital economy and cross-border data flows are also prompting organizations in these regions to consider insurance as a safeguard against escalating ransomware threats, though market growth remains constrained by budgetary limitations and fragmented awareness.

Report Scope

Business or organization reporting of ransomware attack to insurance company in the last 12 months, by North American Industry Classification System (NAICS), business employment size, type of business, business activity and majority ownership, fourth quarter of 2021.