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The 10 Biggest Ransomware Attacks of 2019

Multinational manufacturers and U.S. city and county governments spent more $176 million responding to the biggest ransomware attacks of 2019, spending on everything from rebuilding networks and restoring backups to paying the hackers ransom.

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1. Demant

Recovery And Mitigation Costs: $80 million To $95 million 

An apparent ransomware attack that hit Danish hearing aid manufacturer Demant at the start of September is expected to cause one of the most significant cyber-related losses ever outside the 2017 NotPetya ransomware outbreak. The financial impact would have been even worse had it not been for a $14.6 million cyberinsurance policy held by Demant.

The “critical incident” forced Demant to shut down its entire internal IT infrastructure, with the impact spanning from the company’s Polish production and distribution facilities, French cochlear impact production sites, and Danish amplifier production sites to its Mexican production and service sites, entire Asia-Pacific network, and ERP system.

As a result, Demant was unable for several weeks to supply its products, receive and process orders, and service end users through clinics in its network. Although Demant never specifically mentioned ransomware, the incident was reported as a ransomware attack by the Danish media.

 

 

 
 
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