Ransomware: Average Ransom Payment Declines to $154,108
Healthcare Info Security
Mathew J. Schwartz
Good news: While ransomware attacks continue to pummel organizations, fewer victims have been paying a ransom, and when they do, on average they're paying less than before.
So says ransomware incident response firm Coveware, based on thousands of ransomware cases that it helped investigate from October to December of last year.
Specifically: From Q3 to Q4 last year, the average ransom payment declined from by 34%, reaching $154,108, while the median ransom payment dropped by 55% to $49,450.
That arrests what had been a months-long increase in the quantity and amount of ransoms being paid, driven by attackers increasingly stealing data and threatening to leak it online, to better pressure victims into paying.
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