According to Sophos' latest figures, the median ransom payments rose to $2.54 million - a whopping 41 times last year's sum of $62,500...
The mean payment for 2024 is even higher at $3.225 million, although this represents a less dramatic 6x increase...
The numbers are based only on ransomware victims that were willing to disclose the details of their blunders, so do not present the complete picture...
While the mean cost across oil, gas, energy, and utilities dropped slightly to $3.12 million from $3.17 million last year, the energy and water sectors saw the sharpest increase in recovery costs...
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