A video accompanying this announcement is available at: https://youtu.be/W1wt8N5aQd0
Cyber threats can be catastrophic for businesses, causing disruptions in essential services, and breaches of national security secrets. These attacks have increasingly affected both public and private entities. Those attacks underscore the need for coordinated action.
Each day, businesses face numerous complexities: supply chain interruptions, cyberattacks, extreme weather, public health issues, and more. That's where resilience comes in. Today more than ever, it's a business imperative to protect employees and customers while preserving the global movement of goods, information, and communications.
The U.S. Chamber believes public-private partnership is critical to robust cybersecurity. Together, we must work proactively to make sure key cyber systems are always ready to handle increasing and evolving threats. When government works with the business community, we can enhance security, drive international collaboration, and hold malicious cybercriminals accountable when they violate domestic and international laws.
Additional key facts and figures:
· Average downtime due to ransomware attacks is 21 days.
· Average days it takes a business to fully recover from an attack is 287 days.
· According to Crowdstrike, ransomware attacks increased by 82% between 2020 and 2021. They reported 2,686 attacks in 2021 up from 1,474 attacks recorded in 2020.
· Chainalysis reported that victims paid over $602 million in ransom payments in 2021, a 70% increase in the payments they observed in 2020/
· The average ransomware payment in 2020 was $312,493, a 171% increase compared to 2019.
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