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AppDefects
Community Champion

Ransomware payments are falling

According to the Coveware Quarterly Ransomware Report for Q4 of 2020 fewer companies are giving into cyber extortion when they are able to recover from back ups. This inflection point has led to a large decline in average ransom amounts paid.

 

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. This dramatic reduction is attributed to more victims of data exfiltration attacks saying “ENOUGH” and choosing not to pay.