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Canadian Metalworking: The true cost of ransomware

Date published:

Jul 4, 2025

Tyler Owen

Vice President of Product Management, Cybersecurity Solutions

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Canadian Metalworking

July 4, 2025 

Ransomware accounts for around one-quarter of all malware attacks, and some experts are predicting the total global cost of this type of cybercrime will exceed $250 billion annually by 2031. While ransomware is rife in almost all industries, it’s a significant threat to metal manufacturers. This article discusses ways to combat ransomware in the manufacturing industry to mitigate risk.

Read the full article: The true cost of ransomware

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