Ransomware Recovery Costs Have Doubled for State and Local Governments
Thirty-four percent of state and local government entities were hit by ransomware in 2024, a new report from Sophos has found. While this is a decrease compared to the attack rate in 2023, the mean cost of recovery for these entities has more than doubled to $2.83 million. Seventy-two percent of ransom demands made to state and local government organizations in 2024 were for $1 million or more, with 37% of demands for $5 million or more.