According to Sophos' latest State of Ransomware report, nearly 50% of companies opted to pay a ransom last year, marking a significant rise in such incidents. Notably, 53% of those payments were less than what hackers originally demanded. Victims are getting more adept at negotiations, with 71% managing to haggle down ransom demands. With a median ransom payment now at $1 million, this represents a decline in both the median demand and payment amounts. Companies are increasingly gearing up their defenses and employing incident responders to minimize damage and accelerate recovery.
Nearly half of companies chose to pay a ransom last year, but are negotiating better deals, often paying less than initially demanded by hackers.
Research indicates that 71% of ransomware victims successfully negotiated lower ransoms, highlighting a trend toward more strategic responses to cyber threats.
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