Coveware published their Quarterly Ransomware Report on February 1, 2021. Most notable: Fewer companies are giving in to cyber extortion when they are able to recover from back ups which has resulted in a large decline in average ransom amounts paid in Q4 2020. Here are some quick ransomware payment statistics from Coveware’s Q4 2020 Ransomware Report.
Q4 2020 Highlights
- The average ransom payment for Q4 2020 was $154,108. This is down 34% from Q3 2020 ($233,817).
- The median ransom payment for Q4 2020 was $49,450 – down 55% from Q3 2020 ($110,532).
- The top 5 most common Ransomware types for Q4 2020 include: Sodinokibi, Egregor, Ryuk, Netwalker, and Maze.
Average Ransomware Payments (By Quarter)
| Year | Q1 | Q2 | Q3 | Q4 |
| 2020 | $111,605 | $178,254 | $233,817 | $154,108 |
| 2019 | $12,762 | $36,295 | $41,198 | $84,116 |
| 2018 | – | – | $5,973 | $6,733 |
About Tec-Refresh, Inc.
As a Managed Service Provider (MSP) and Managed Security Services Provider (MSSP), we manage your IT services, offer backup and disaster recovery, and provide network visibility and security. Our knowledgeable and customer-oriented staff engages to accelerate your network and simplify its security, visibility and automation. Tec-Refresh, Inc. has regional offices in Newport Beach, CA, Charlotte, NC and Boston, MA. Contact us to see how we can put our IT expertise and experience to work for you!