Cash Ransomware has recently become a significant threat to organisations. In these attacks, cybercriminals encrypt victims’ data and demand a ransom. In 2024, this threat continues to increase, attackers have become more sophisticated and ransom demands have increased.

Although Cash Ransomware targets various sectors, it mostly targets healthcare, education, public and financial institutions. These sectors are areas with a high concentration of sensitive and critical data, which makes them attractive to attackers.

The cost of Cash Ransomware attacks to organisations is quite high. These costs include: ransom payments, data recovery costs, business interruption and loss of reputation. These costs include high ransom amounts paid to regain access to data, expenses incurred to recover encrypted data, operational disruptions caused by attacks, and damage to customer confidence.