Ransomware attacks
It may come as no surprise that ransomware is among the top cybersecurity threats today for IT departments. We’ve seen ransomware impact both massive organizations—think Colonial Pipeline or Change Healthcare. But threat actors are also targeting small and medium-sized firms, which poses a major business risk given that 60% of small businesses permanently close within six months of an attack.
In fact, ransomware has major implications for all parts of the business. Not only can a ransomware attack jeopardize sensitive and personal data, opening the doors for reputational damage, compliance concerns, and more, but it can also slam the brakes on daily operations. The average cost per minute of business downtime due to a cyberattack is $1,467—and mid-sized businesses end up paying over $250,000 to recover from a cyberattack.
As we found in our Huntress 2025 Cyber Threat Report, ransomware groups are also switching up their strategies, which is putting an added burden on IT teams. For example, attackers are no longer just encrypting data and demanding that victims pay a ransom. They’re also stealing data and threatening to publicly leak it as an extra means of putting pressure on victims to pay.