According to the results of a survey, the cost for an organization to rectify the effects of a ransomware attack varies widely from country to country. Among the Latin American countries included in the study, Colombia had the highest ransomware remediation cost, which could amount to nearly 695 thousand U.S. dollars. Meanwhile, the average cost of dealing with this type of threat in Mexico was about 465 thousand U.S. dollars. That year, Brazil was found to have the highest share of users attacked with ransomware in Latin America, with about 46.7 percent falling victim to such cyber crime.
Average ransomware remediation cost for organizations in selected Latin American countries as of February 2020
(in 1,000 U.S. dollars)
Characteristic
Cost in thousand U.S. dollars
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among organizations hit by ransomware in the last year
Supplementary notes
This question was phrased by the source as follows: "What was the approximate cost to your organization to rectify the impacts of the most recent ransomware attack (considering downtime, people time, device cost, network cost, lost opportunity, ransom paid etc.)?"
Figures have been rounded.
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Sophos. (May 15, 2020). Average ransomware remediation cost for organizations in selected Latin American countries as of February 2020 (in 1,000 U.S. dollars) [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1183919/ransomware-remediation-cost-latin-american/
Sophos. "Average ransomware remediation cost for organizations in selected Latin American countries as of February 2020 (in 1,000 U.S. dollars)." Chart. May 15, 2020. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1183919/ransomware-remediation-cost-latin-american/
Sophos. (2020). Average ransomware remediation cost for organizations in selected Latin American countries as of February 2020 (in 1,000 U.S. dollars). Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1183919/ransomware-remediation-cost-latin-american/
Sophos. "Average Ransomware Remediation Cost for Organizations in Selected Latin American Countries as of February 2020 (in 1,000 U.S. Dollars)." Statista, Statista Inc., 15 May 2020, https://www.statista.com/statistics/1183919/ransomware-remediation-cost-latin-american/
Sophos, Average ransomware remediation cost for organizations in selected Latin American countries as of February 2020 (in 1,000 U.S. dollars) Statista, https://www.statista.com/statistics/1183919/ransomware-remediation-cost-latin-american/ (last visited July 22, 2024)
Average ransomware remediation cost for organizations in selected Latin American countries as of February 2020 (in 1,000 U.S. dollars) [Graph], Sophos, May 15, 2020. [Online]. Available: https://www.statista.com/statistics/1183919/ransomware-remediation-cost-latin-american/
