Ransomware & Extortionware in 2024: Stats & Trends
In the underground cybercrime circles of the Dark Web, ransomware attacks are a particularly lucrative enterprise. These attacks are on the rise. And they’re disrupting the stalwart IT industry. The average cost of a ransom attack in 2023 was $1.54 million, almost double the previous year’s average. And research we gathered for The CISO Report show that 83% of organizations hit by a ransomware attack paid their attackers. Curious which industry is most likely to pay the ransom? Retail.