Researchers predict the global cost of ransomware to reach $265bn by 2031 

Global ransomware damage costs ($USD)

Ransomware costs include ransom payouts, damage and destruction (or loss) of data, downtime, lost productivity, post-attack disruption to the normal course of business, forensic investigation, restoration and deletion of hostage data and systems, reputational harm, and employee training in direct response to the ransomware attacks.
Source: Cybersecurity Ventures