Ransomware remediation cost in Latin America 2020

According to the results of a survey, the cost for an organization to rectify the effects of a ransomware attack varies widely from country to country. Among the Latin American countries included in the study, Colombia had the highest ransomware remediation cost, which could amount to nearly 695 thousand U.S. dollars. Meanwhile, the average cost of dealing with this type of threat in Mexico was about 465 thousand U.S. dollars. That year, Brazil was found to have the highest share of users attacked with ransomware in Latin America, with about 46.7 percent falling victim to such cyber crime.

Average ransomware remediation cost for organizations in selected Latin American countries as of February 2020 (in 1,000 U.S. dollars)

Characteristic	Cost in thousand U.S. dollars
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Release date

May 2020

More information

Region

Brazil, Colombia, Mexico

Survey time period

January and February 2020

Number of respondents

600 IT managers

Special properties

among organizations hit by ransomware in the last year

Supplementary notes

This question was phrased by the source as follows: "What was the approximate cost to your organization to rectify the impacts of the most recent ransomware attack (considering downtime, people time, device cost, network cost, lost opportunity, ransom paid etc.)?"
Figures have been rounded.

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