Ransomware Payday: Average Payments Jump to $178,000

GovInfoSecurity.com

Mathew J. Schwartz

Ransomware gangs continue to see bigger payoffs from their ransom-paying victims.

Comparing the first and second quarters of this year, the average ransom paid by a victim - when they paid - increased by 60%, rising from $111,605 to $178,254. So says ransomware incident response firm Coveware, in a new report that charts trends among its clients.

Coveware says the increase in the average ransom payoffs has been driven by several trends: "Big-game hunting," increased data exfiltration and smaller players seeking bigger returns.

The ransomware operator landscape also continues to diversify. "In Q1, nearly 60% of ransomware attacks were carried out by the three most common variants - Sodinokibi, Maze and Phobos," Coveware says. "However, in Q2 only...

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