22 Apr Ransomware Damage To Cost The World $57B In 2025
This week in cybersecurity from the editors at Cybercrime Magazine
–Read the full story in Cybercrime Magazine
Sausalito, Calif. – Apr. 22, 2025
Cybersecurity Ventures publishes a chart at RansomwareCost.com containing our calculations of global ransomware damage cost predictions from 2015 to 2031.
For this year, 2025, we predict that ransomware costs will reach $57 billion annually. The 2025 calculation breaks down to $4.8 billion per month, $1.1 billion per week, $156 million per day, $6.5 million per hour, $109,000 per minute, and $2,400 per second.
Our first ever prediction, for 2015, put the annual cost of ransomware at $325 million. Another way to look at it is that we predict ransomware will cost the world more than $20 billion per month in 2031, up from $20 billion per year in 2021.
Ransomware costs include ransom negotiations and payouts, damage and destruction of data, stolen money, downtime, lost productivity, theft of intellectual property, theft of personal and financial data, embezzlement, fraud, post-attack disruption to the normal course of business, forensic investigation, restoration and deletion of hacked data and systems, reputational harm, legal costs, and potentially, regulatory fines.
Cybercrime Magazine is Page ONE for Cybersecurity. Go to any of our sections to read the latest:
- SCAM. The latest schemes, frauds, and social engineering attacks being launched on consumers globally.
- NEWS. Breaking coverage on cyberattacks and data breaches, and the most recent privacy and security stories.
- HACK. Another organization gets hacked every day. We tell you who, what, where, when, and why.
- VC. Cybersecurity venture capital deal flow with the latest investment activity from various sources around the world.
- M&A. Cybersecurity mergers and acquisitions including big tech, pure cyber, product vendors and professional services.
- BLOG. What’s happening at Cybercrime Magazine. Plus the stories that don’t make headlines (but maybe they should).
- PRESS. Cybersecurity industry news and press releases in real time from the editors at Business Wire.
- PODCAST. New episodes daily on the Cybercrime Magazine Podcast feature victims, law enforcement, vendors, and cybersecurity experts.
- RADIO. Tune into WCYB Digital Radio at Cybercrime.Radio, the first and only round-the-clock internet radio station devoted to cybersecurity.
Contact us to send story tips, feedback and suggestions, and for sponsorship opportunities and custom media productions.
