Cost of ransomware more than doubles in a year

The average total cost of recovery from a ransomware attack has more than doubled in a year, increasing from $761,106 in 2020 to $1.85 million in 2021. The latest Sophos State of Ransomware report also reveals that the average ransom paid is now $170,404, but that only eight percent of organizations managed to get back all of their data after paying a ransom, with 29 percent getting back no more than half of it. While the number of organizations that experienced a ransomware attack fell from 51 percent of respondents surveyed in 2020 to 37 percent in 2021, and fewer… [Continue Reading]