Organizations are experiencing fewer ransomware attacks, but those that pay are facing significantly higher ransom demands, averaging over $3.6 million. The report highlights rising attack surfaces, increased attack complexity, and challenges in detection, especially in healthcare and government sectors. #DarkWeb #RansomPayments
Keypoints
- Fewer organizations are paying ransomware demands, but the average ransom paid has increased by over 40% to $3.6 million.
- Despite fewer incidents, the number of organizations experiencing 20 or more ransomware attacks tripled year-over-year.
- Healthcare and government sectors faced the highest payout amounts, with averages nearing $7.5 million.
- Phishing and social engineering are the most common initial vectors for ransomware attacks, followed by software vulnerabilities.
- Emerging technologies like cloud, third-party risks, and GenAI expand the attack surface, complicating detection and defense.
Read More: https://thecyberexpress.com/ransomware-payments-get-bigger-as-fewer-pay/