Average Ransomware Payments Soared in the First Quarter
The ransomware economy continues to boom even as the COVID-19 pandemic wreaks havoc on businesses around the world.
New data from Coveware on ransomware attacks in the first quarter of this year showed that compared with the fourth quarter of 2019, median ransomware payments held relatively steady at around $44,000, but average payments soared 33% to $111,605.
The increase in average amounts reflected the significantly bigger ransom payments that large enterprises paid last quarter to get their data back, compared with smaller and medium-sized businesses. This year's first quarter marks the seventh straight quarter that average payments have increased. As recently as the first quarter of 2019, the average ransom payment in Coveware's study was just...