Data stored on mobiles and computers worth $682
Kaspersky's research revealed the average ransomware demand is $300
Sign up today and you will receive a free copy of our Future Focus 2025 report - the leading guidance on AI, cybersecurity and other IT challenges as per 700+ senior executives
You are now subscribed
Your newsletter sign-up was successful
Kaspersky has revealed the cost of restoring data on a device, whether mobile, tablet or computer, following a ransomware attack is $682, despite hackers demanding an average of $300 to release the device's storage.
However, 39 per cent of the respondents Kaspersky questioned said the cost to restore data on their device has actually cost $1000 or more.
At least 40 per cent of those who fall victim to a ransomware attack pay the hackers the ransom demanded, without seeking alternative help first, the research revealed, which demonstrates why attackers are usually so successful in their methods.
Despite these revelations, smartphone and tablet users are still storing important information on their devices such as photos, video, messages, contacts that could not be easily restored if they were lost or held to ransom.
However, the element respondents would miss most if it were to disappear forever would be personal messages, whether SMS, WhatsApp or those sent on other messaging platforms. 27 per cent said they would be most upset if they lost their photos.
"It is interesting that people value their data highly and understand its irretrievability, but do so little to protect it preferring to solve problems as they arrive," Elena Kharchenko, Head of Consumer Product Management, Kaspersky Lab said.
"However, in cases of malicious encryption, even paying a ransom does not guarantee that the data will be returned to the owner. Unfortunately, ransomware is not the only threat jeopardising personal data. For example, data may be lost or stolen together with a device. This all means that careless user behaviour may result in an emotionally upsetting experience as well as considerable financial loss."
Sign up today and you will receive a free copy of our Future Focus 2025 report - the leading guidance on AI, cybersecurity and other IT challenges as per 700+ senior executives
Kaspersky added that bearing in mind how protective people are of their data, it's surprising more don't adequately secure their devices. Only nine out of ten respondents have installed ransomware protection on Windows machines, while six out of ten have not put measures in place to protect their Macs.

Clare is the founder of Blue Cactus Digital, a digital marketing company that helps ethical and sustainability-focused businesses grow their customer base.
Prior to becoming a marketer, Clare was a journalist, working at a range of mobile device-focused outlets including Know Your Mobile before moving into freelance life.
As a freelance writer, she drew on her expertise in mobility to write features and guides for ITPro, as well as regularly writing news stories on a wide range of topics.
-
Cohere's Aleph Alpha merger could create a transatlantic sovereign AI powerhouseAnalysis The merger between Cohere and Aleph Alpha aims to capitalize on the burgeoning sovereign AI market
-
Everything you need to know about OpenAI's new workspace agentsNews New ‘workspace agents’ from OpenAI will automate tasks for workers and can be customized for specific roles
-
Threat actors ditch ‘spray and pray’ attacks in shift to targeted exploitationNews A dip in ransomware volumes points to a more targeted approach focused on vulnerability exploitation
-
Security leaders overconfident about ransomware recoveryNews Few manage to recover all their data, and many experience business disruption
-
German authorities want your help finding the hackers behind GandCrab and REvilNews Daniil Maksimovich Shchukin and Anatoly Sergeevitsch Kravchuk are believed to have made millions from ransomware as a service schemes
-
The rise of teen hackers ‘makes for a good headline’, but cyber crime activities peak later in lifeNews With family responsibilities and mortgages to pay, it's not teenagers dishing out malware or carrying out cyber extortion
-
Ransomware gangs are using employee monitoring software as a springboard for cyber attacksNews Two attempted attacks aimed to exploit Net Monitor for Employees Professional and SimpleHelp
-
Ransomware gangs are sharing virtual machines to wage cyber attacks on the cheap – but it could be their undoingNews Thousands of attacker servers all had the same autogenerated Windows hostnames, according to Sophos
-
Google issues warning over ShinyHunters-branded vishing campaignsNews Related groups are stealing data through voice phishing and fake credential harvesting websites
-
The FBI has seized the RAMP hacking forum, but will the takedown stick? History tells us otherwiseNews Billing itself as the “only place ransomware allowed", RAMP catered mainly for Russian-speaking cyber criminals