Technology Reseller v41

Less than 1 man-hour Between 1-3 man-hours Up to 8 man-hours Between 1-3 man-days Between 3-5 man-days Over 5 man-days 33% 24% 21% 17% 4% 2% Ransomware Remediation Work-Hours This graph shows how long it took to clear the system of ransomware and restore operations to normal. spent eight or more man-hours on remediation efforts. 40% More than The further ransomware spreads, the longer it takes to mitigate. Every infected device requires additional man-hours. Sent emails and attachments with malicious content multiply the work involved exponentially. In best-case scenarios, a ransomware infection that is caught early may only require a few man-hours to remediate. In our study, while one-third of victims required three man-hours or less to remediate ransomware... The cost of ransomware remediation includes the work-hours required (which can be calculated) as well as the opportunity cost of diverting IT resources away from other strategic priorities (harder to quantify). The hourly cost for IT resources varies widely. At the high end, rates are around $250 per hour, while conservative estimates are closer to $100 per hour. Using these as benchmarks, it’s possible to estimate the cost in IT resources for remediating ransomware at the high and low ends of the spectrum. HIGH-END COST ESTIMATE $250/hr. x 3 hrs. = $750 $250/hr. x 8 hrs. = $2,000 $250/hr. x 24 hrs. (3 work days) = $6,000 $250/hr. x 40 hrs. (5 work days) = $10,000 LOW-END COST ESTIMATE $100/hr. x 3 hrs. = $300 $100/hr. x 8 hrs. = $800 $100/hr. x 24 hrs. (3 work days) = $2,400 $100/hr. x 40 hrs. (5 work days) = $4,000