Ransomware and Market Reaction

December 17, 2020

The increase in ransomware attacks over the last two years has been dramatic. Costs of attacks and payments have increased significantly, and the sophistication of the malware has increased.

  • Ransomware claims increased 239% from 2018 to 2019
  • Cost of ransomware payments increased 228% from 2018 to 2019
  • Average ransomware payments increased 31% from Q2 2020 to Q3 2020
  • Ransomware payments in 2019 were 3 times as large as the 2018 payments
  • 4 times more extortion demands were paid in 2019 than in 2018
  • Ransomware incidents where data had been exfiltrated increased from 8.77% to 22% from Q1 2020 to Q2 2020

 

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