Ransomware Costs Manufacturing Sector $17bn in Downtime

**Ransomware surge in manufacturing:** The report summarizes a marked increase in ransomware attacks targeting manufacturing since 2018, with 858 confirmed incidents causing substantial downtime (avg. 11.6 days) and financial losses (estimated $17bn in downtime), large-scale data theft in 2023 (43.9M records), prominent victims (VF Corporation, PharMerica, Boeing/LockBit), high average ransom demands (~$10.7M), and warnings that attacks are likely to remain elevated into 2024.