Ransomware Payday: Average Payments Jump to $178,000
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...