2022 has shaped up to be a pricey year for victims of cyberattacks.
Cyberattacks continue to target critical infrastructures such as health systems, small government agencies and educational institutions. Ransomware remains a popular attack method for large and small targets alike. While organizations may choose not to disclose the costs associated with a cyberattack, the loss of consumer trust will always be a risk after any significant attack.
Let’s look at the 13 costliest cyberattacks of the past year and the trends that defined major threats from now to the beginning of 2022.
1. November 2022: Government of Costa Rica
The government of Costa Rica recently declared a state of emergency after enduring weeks of ransomware attacks on its critical systems. As a result, the government could not pay its workers on time and asked them to apply for payment through email or paper-based methods. The attack also disrupted tax and customs systems, causing the country’s import/export logistics to collapse. The Conti ransomware gang demanded a $20 million ransom payment, claiming the attacks were done to overthrow the government. The criminal gang published an estimated 50% of the data stolen during the weeks-long attack. The Costa Rican government has not paid the ransom.
2. October 2022: Medibank
A costly attack on health insurer Medibank affected all of its 3.9 million current and former customers. Attackers demanded a ransom payment of $9.7 million not to publish the stolen data, which Medibank refused to pay. ..
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