AIR+22 Apr 2019

Average cost of ransomware attacks double in just 6 months

| 22 Apr 2019

According to stats released by US-based cyber security firm Coveware, the average ransom paid out to cyber criminals was $12,762 in Q1 2019, an 89% increase as compared to Q4 2018 ($6,733). The increase reflects more virulent malware being utilised, such as Ryuk, Bitpaymer and lencrypt. These types of ransomware are predominantly used in bespoke targeted attacks on larger enterprises, said Coveware.

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