topic Ransomware payments are falling in Threats https://community.isc2.org/t5/Threats/Ransomware-payments-are-falling/m-p/43114#M258 <P>According to the <A href="https://www.coveware.com/blog/ransomware-marketplace-report-q4-2020" target="_blank" rel="noopener">C</A><SPAN><A href="https://www.coveware.com/blog/ransomware-marketplace-report-q4-2020" target="_blank" rel="noopener">oveware Quarterly Ransomware Report</A> for Q4 of 2020 fewer companies are giving into cyber extortion when they are able to recover from back ups.&nbsp;This inflection point has led to a large decline in average ransom amounts paid.</SPAN></P><P>&nbsp;</P><P><SPAN>The average ransom payment decreased 34% to $154,108 USD from $233,817 in Q3 of 2020. The median payment in Q4 also decreased to $49,450 from $110,532, a 55% reduction.&nbsp;</SPAN><SPAN>This dramatic reduction is attributed to more victims of data exfiltration attacks saying “ENOUGH” and choosing not to pay.</SPAN></P> Sat, 06 Feb 2021 20:17:04 GMT AppDefects 2021-02-06T20:17:04Z Ransomware payments are falling https://community.isc2.org/t5/Threats/Ransomware-payments-are-falling/m-p/43114#M258 <P>According to the <A href="https://www.coveware.com/blog/ransomware-marketplace-report-q4-2020" target="_blank" rel="noopener">C</A><SPAN><A href="https://www.coveware.com/blog/ransomware-marketplace-report-q4-2020" target="_blank" rel="noopener">oveware Quarterly Ransomware Report</A> for Q4 of 2020 fewer companies are giving into cyber extortion when they are able to recover from back ups.&nbsp;This inflection point has led to a large decline in average ransom amounts paid.</SPAN></P><P>&nbsp;</P><P><SPAN>The average ransom payment decreased 34% to $154,108 USD from $233,817 in Q3 of 2020. The median payment in Q4 also decreased to $49,450 from $110,532, a 55% reduction.&nbsp;</SPAN><SPAN>This dramatic reduction is attributed to more victims of data exfiltration attacks saying “ENOUGH” and choosing not to pay.</SPAN></P> Sat, 06 Feb 2021 20:17:04 GMT https://community.isc2.org/t5/Threats/Ransomware-payments-are-falling/m-p/43114#M258 AppDefects 2021-02-06T20:17:04Z