Booming business: average ransom payment almost doubles

Extortion gangs continue to wreak havoc with the ever-expanding ecosystem and ballooning ransom demands.

Threat actors behind ransomware aren’t going anywhere. Digital extortion is booming with successful attacks netting hundreds of thousands of dollars.

According to a recent Ransomware Threat Report by Unit 24, random demands and payment continue steep climb up. Last year, the average ransom demand went up by 144% to a whopping $2.2 million.

The report also shows that with higher demands come chunkier payments. On average, victims paid $541 thousand in 2021, up from $303 thousand in 2020.