Average Ransom Payment Has Increased by 104% in Q4 2019

Cyware | January 28, 2020

Average Ransom Payment Has Increased by 104% in Q4 2019
Ransomware families that belong to Ryuk and Sodinokibi are responsible for the huge rise in the ransom payments.In Q4 of 2019, 98% of companies had received a working decryptor tool for the ransom paid.With the increase in ransomware attacks, the average ransom payment has risen to 104% in the fourth quarter of 2019. A report from Coveware reveals that the ransomware attackers had collected an average of around $84,000 from victim organizations in the Q4 of 2019 when compared to $41,198 in Q3 of 2019. Ransomware families that belong to Ryuk and Sodinokibi are responsible for the huge rise in the ransom payments. These ransomware operators have moved into the large enterprise space and are focusing their attacks on large companies where they can attempt to extort the organization for a seven-figure payout.

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When a cyber attack unfolds, you need to stop it, limit the damage, and restore normal business operations as fast as possible. Doing this quickly and confidently requires specialized expertise. Unfortunately, it’s not easy to find practical, cost effective help for mitigating a successful cyber att

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