Burns & McDonnell
burnsmcd.com
September 21, 2021 Power

Utilities Must Quickly Address Cybersecurity Mitigation Measures

The numbers are telling. The average remediation cost from a ransomware attack in 2021 jumped to nearly $1.85 million per incident, more than double the average of $760,000 reported in 2020. This means that the average cost of recovering from a ransomware attack is now 10 times the size of the ransom payment.

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