Coveware published their Quarterly Ransomware Report on July 23, 2021. Most notable: The average ransom payment declined to $136,576 while the median fell to $47,008, levels not seen since the beginning of 2021. The decrease was primarily driven by a growing number of disparate Ransomware-as-a-Service brands that have proliferated recently, and which have diluted the concentration of attacks controlled by just a few. The lower prevalence of several groups that have historically made some of the highest demands (such as Ryuk and Clop) allowed the average and median ransom payment to drift lower during the quarter. Additionally, the efficacy of data exfiltration as an overall tactic appears to also be diminishing. During Q2, over 80% of ransomware attacks also included the threat to leak stolen data. Here are some quick ransomware payment statistics from Coveware’s Q2 2021 Ransomware Report.
Q2 2021 Ransomware Highlights
- The average ransom payment for Q2 2021 was $136,576. This is down 38% from Q1 2021 ($220,298).
- The median ransom payment for Q2 2021 was $47,008 – down 40% from Q1 2021 ($78,398).
- The top 5 most common Ransomware types for Q4 2020 include: Sodinokibi, Conti V2, Avaddon, Mespinoza, and Hello Kitty.
Average Ransomware Payments (By Quarter)
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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!