Ransomware's financial impact has reached $276 billion in five years, highlighting a major cybersecurity threat. The Cyentia Institute's report outlines trends, targeted industries, and a distinction between attack attempts and incidents. Ransomware causes high losses, especially in transportation, education, and healthcare sectors, with mid-size firms facing the greatest proportional impacts. The report also identifies top ransomware groups and techniques used in attacks, emphasizing the need for stronger defenses and collaboration to mitigate risks.
