Ransomware can impact a business in several critical ways. The first and most obvious effect is financial. According to the U.S. Treasury's Financial Crimes Enforcement Network, the first half of 2021 saw $590 million in expenditures related to ransomware. For all of the previous year, the agency reported just $416 million for the same costs. Even if a business doesn’t pay the ransom, it can still see significant financial losses due to loss of productivity and data.