CyberWire Daily
Understanding the multi-tiered impact of ransomware. [Research Saturday]
Mar 9, 2024
Exploring the multi-tiered impact of ransomware, from financial strains to societal implications. Lack of transparency in understanding the true repercussions of ransomware incidents. Research reveals harms caused to individuals, organizations, economy, and national security.
22:55
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Quick takeaways
- First-order harms from ransomware affect organizations financially, reputationally, and psychologically.
- Ransomware incidents have third-order harms impacting national security, economy, and society beyond financial losses.
Deep dives
Ransomware Harms on Organizations and Individuals
Ransomware attacks cause various harms to both organizations and individuals. First-order harms affect directly hit organizations and staff members financially, reputationally, and psychologically. Second-order harms impact indirect victims, such as patients in affected hospitals or students in impacted schools. The distinction between organizational and individual priorities in dealing with these attacks highlights the varying experiences and concerns.
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