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Average Ransomware Payments Soared in the First Quarter

Median ransom payments held relatively steady at around $44,000, but average payments soared 33% to $111,605. This year’s first quarter marks the seventh straight quarter that average payments have increased. Small professional services firms such as law firms, managed service providers, and accounting firms were the most heavily targeted. Public sector entities, including schools and local governments, attracted a lot of attention in the first quarter of 2020 as well as in previous quarters, according to Coveware. Security experts strongly advocate against organizations paying a ransom to get back access to their encrypted data and systems.”]

Source: https://www.darkreading.com/attacks-breaches/average-ransomware-payments-soared-in-the-first-quarter

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