A new Coveware report indicates that ransomware actors demanded significantly higher payments from victims in the second quarter of this year than was true for the first three months. The average ransom payment in Q2 was $36,295, which is a 184% increase compared to the previous quarter, when the average payment was $12,762.
According to Coveware, “the increase reflects the growing prevalence of Ryuk and Sodinokibi, variants of ransomware that have rapidly increased their demands.” The report found that ransomware attacks are also becoming increasingly expensive for companies because they result in more downtime. The average downtime caused by a ransomware infection rose from 7.3 days in Q1 to 9.6 days in Q2.
Read more: Ryuk, Sodinokibi Ransomware Responsible for Higher Average Ransoms
