The average ransomware payment is growing as criminals become more sophisticated in their attacks, according to a report released by ransomware incident response company Coveware. According to Coveware’s Q4 2018 Global Ransomware Marketplace Report, the average ransom increased by 13% to $6733 in Q4 2018 compared to Q3’s $5973. It’s difficult to judge the statistical margin of error for these figures because the company, which bases the data on ransomware cases handled by its support team, doesn’t divulge the exact number of ransomware cases that it has dealt with. However, it says that the increase is probably down to the more targeted nature of recent attacks. Attackers focused on larger targets and honed their attacks using social engineering, it explains.
Read about the new report by Coveware which reveals that the average ransom sought by cyber criminals had increased by 13 percent in the last quarter of 2018 on Infosec Magazine.