{"id":59315,"date":"2018-07-10T11:16:00","date_gmt":"2018-07-10T16:16:00","guid":{"rendered":"https:\/\/www.pcmatic.com\/blog\/?p=59315"},"modified":"2018-07-10T11:16:00","modified_gmt":"2018-07-10T16:16:00","slug":"ransomware-damages-8b-2018","status":"publish","type":"post","link":"https:\/\/www.pcmatic.com\/blog\/ransomware-damages-8b-2018\/","title":{"rendered":"Ransomware Damages Projected to Total $8 Billion for 2018"},"content":{"rendered":"<h3>Ransomware Damages Expected to Increase 60% Year-Over-Year<\/h3>\n<p>Last year, PC Matic <a href=\"https:\/\/techtalk.pcpitstop.com\/2017\/11\/20\/ransomware-damage-projected-2019\/\">reported<\/a> ransomware damages were expected to reach $11.5 billion by 2019; a 130% increase from 2017.\u00a0 Now, nine months after that initial post, reports are suggesting that total is quite accurate, and unfortunately\u00a0rather attainable.\u00a0 <a href=\"https:\/\/www.prweb.com\/releases\/2018\/07\/prweb15610768.htm\">According to our friends at KnowBe4<\/a>, ransomware damages are expected to increase 60% from last year; meaning a projected $8 billion in costs associated with ransomware in 2018.<\/p>\n<p>These damage costs include, but are not limited to:<\/p>\n<ul>\n<li>Lost productivity<\/li>\n<li>Reputational damage<\/li>\n<li>Hiring third-party investigators<\/li>\n<li>Over-time costs for IT staff<\/li>\n<li>Paying ransom demands (which is NOT advised)<\/li>\n<li>Additional costs for remediation efforts (software, devices, IT services, etc.)<\/li>\n<\/ul>\n<p>Stu Sjouwerman, CEO of KnowBe4, <a href=\"https:\/\/www.prweb.com\/releases\/2018\/07\/prweb15610768.htm\">states<\/a>,<\/p>\n<blockquote><p>&#8220;Ransomware is the new normal; it\u2019s here to stay and is growing in sophistication and frequency.\u201d<\/p><\/blockquote>\n<p>He couldn&#8217;t be more correct.\u00a0 In order to stay fully protected from these malicious attacks, PC Matic encourages users to do the following:<\/p>\n<ul>\n<li>Implement an <a href=\"http:\/\/www.pcmatic.com\/whitelist\">application whitelist approach<\/a><\/li>\n<li>Keep the operating system and third-party applications updated<\/li>\n<li>Take part in cyber security training.\u00a0 (If you&#8217;re a PC Matic user, you&#8217;re offered free cyber security training through our friends at KnowBe4.\u00a0 If you&#8217;re not sure how to access it, contact our support team at <a href=\"http:\/\/www.pcmatic.com\/help\">www.pcmatic.com\/help<\/a>)<\/li>\n<li>Implement the cyber security training while using your devices &#8212; THINK BEFORE YOU CLICK<\/li>\n<li>Disable Macros<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Ransomware Damages Expected to Increase 60% Year-Over-Year Last year, PC Matic reported ransomware damages were expected to reach $11.5 billion by 2019; a 130% increase from 2017.\u00a0 Now, nine months after that initial post, reports are suggesting that total is quite accurate, and unfortunately\u00a0rather attainable.\u00a0 According to our friends at KnowBe4, ransomware damages are expected [&hellip;]<\/p>\n","protected":false},"author":54,"featured_media":55106,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[4949,5000],"tags":[4363,5526],"class_list":["post-59315","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ransomware","category-ransomwarewar","tag-ransomware","tag-ransomware-damages"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Ransomware Damages Projected to Total $8 Billion for 2018<\/title>\n<meta name=\"description\" content=\"In 2017, PC Matic reported ransomware damages would total $11.5 billion by 2019. This seemed high, but according to a recent study, those numbers are not...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.pcmatic.com\/blog\/ransomware-damages-8b-2018\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ransomware Damages Projected to Total $8 Billion for 2018\" \/>\n<meta property=\"og:description\" content=\"In 2017, PC Matic reported ransomware damages would total $11.5 billion by 2019. This seemed high, but according to a recent study, those numbers are not...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.pcmatic.com\/blog\/ransomware-damages-8b-2018\/\" \/>\n<meta property=\"og:site_name\" content=\"PC Matic Blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/pcmatic\" \/>\n<meta property=\"article:published_time\" content=\"2018-07-10T16:16:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.pcmatic.com\/blog\/wp-content\/uploads\/securityLock.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"730\" \/>\n\t<meta property=\"og:image:height\" content=\"410\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Kayla Elliott\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@pcmatic\" \/>\n<meta name=\"twitter:site\" content=\"@pcmatic\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Kayla Elliott\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.pcmatic.com\\\/blog\\\/ransomware-damages-8b-2018\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.pcmatic.com\\\/blog\\\/ransomware-damages-8b-2018\\\/\"},\"author\":{\"name\":\"Kayla Elliott\",\"@id\":\"https:\\\/\\\/www.pcmatic.com\\\/blog\\\/#\\\/schema\\\/person\\\/d4a11f480158af9f8090d8d90e0de8db\"},\"headline\":\"Ransomware Damages Projected to Total $8 Billion for 2018\",\"datePublished\":\"2018-07-10T16:16:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.pcmatic.com\\\/blog\\\/ransomware-damages-8b-2018\\\/\"},\"wordCount\":230,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.pcmatic.com\\\/blog\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.pcmatic.com\\\/blog\\\/ransomware-damages-8b-2018\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.pcmatic.com\\\/blog\\\/wp-content\\\/uploads\\\/securityLock.jpg\",\"keywords\":[\"ransomware\",\"ransomware damages\"],\"articleSection\":[\"Ransomware\",\"RansomwareWar\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.pcmatic.com\\\/blog\\\/ransomware-damages-8b-2018\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.pcmatic.com\\\/blog\\\/ransomware-damages-8b-2018\\\/\",\"url\":\"https:\\\/\\\/www.pcmatic.com\\\/blog\\\/ransomware-damages-8b-2018\\\/\",\"name\":\"Ransomware Damages Projected to Total $8 Billion for 2018\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.pcmatic.com\\\/blog\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.pcmatic.com\\\/blog\\\/ransomware-damages-8b-2018\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.pcmatic.com\\\/blog\\\/ransomware-damages-8b-2018\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.pcmatic.com\\\/blog\\\/wp-content\\\/uploads\\\/securityLock.jpg\",\"datePublished\":\"2018-07-10T16:16:00+00:00\",\"description\":\"In 2017, PC Matic reported ransomware damages would total $11.5 billion by 2019. 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