Ransom Monetization Rates Fall to Record Low Despite Jump In Average Ransom Payments
JULY 21, 2023
Ransom Monetization Rates Fall to Record Low Despite Jump In Average Ransom Payments
In the second quarter of 2023, the percentage of ransomware attacks that resulted in the victim paying, fell to a record low of 34%. The trend represents the compounding effects that we have noted previously of companies continuing to invest in security, continuity assets, and incident response training. Despite these encouraging statistics, ransomware threat actors and the entire cyber extortion economy, continue to evolve their attack and extortion tactics.
