1,200
Number of Ransomware Incidents
2026 Latvia ransomware attacks
8,500
Average Ransom Paid (EUR)
Average ransom paid per incident in Latvia
4.2 million
Cybersecurity Budget (EUR)
Annual cybersecurity expenditure in Latvia
35,000
Phishing Email Reports
Number of phishing reports received in Latvia
25%
Organizations with Cyber Insurance
Percentage of Latvian firms with cyber insurance coverage
Latvia experienced approximately 1,200 ransomware incidents in 2026, reflecting a significant rise from previous years. Many organizations now allocate increased budgets to cybersecurity, with an average annual spend of €4.2 million. Despite efforts, cybercriminals continue to target Latvian businesses, especially small and medium enterprises, which are often underinsured against cyber threats. The high number of phishing reports indicates ongoing vulnerabilities in employee awareness and email security protocols.
The adoption of cyber insurance has grown to cover 25% of Latvian organizations, providing a safety net for recovery and expenses following cyber attacks. Latvia’s government and private sector are investing in advanced threat detection systems and employee training to combat the rising ransomware threat. Nevertheless, the country remains vulnerable to evolving cyber tactics, underscoring the need for comprehensive cybersecurity strategies and international cooperation to mitigate risks effectively.
Frequently Asked Questions
What is the most common type of ransomware attack in Latvia?
The most common ransomware attack in Latvia involves phishing emails delivering malicious payloads that encrypt files and demand ransom payments.
How can Latvian organizations improve their cybersecurity defenses?
Organizations can improve defenses through employee training, regular software updates, robust backup strategies, and investing in advanced security solutions.
Disclaimer: All statistics presented are 2026 estimates and projections based on industry trend analysis, historical data, and publicly available research. Individual data points may vary from actual figures.