Ransomware Attacks Surged to New Highs in 2021

By: Bree Fowler

Ransomware attacks are getting more frequent, more successful and more expensive.

Sixty-six percent of the organizations surveyed by Sophos for its annual State of Ransomware report admitted that they were hit with a ransomware attack last year, up from 37% in 2020. And 65 percent of those attacks were successful in encrypting their victims’ data, up from 54 percent the year before.

On top of that, the average ransom paid by organizations for their most significant ransomware attack grew by nearly five times, to just over $800,000, while the number of organizations that paid ransoms of $1 million or more tripled to 11%, the UK-based cybersecurity company said. For its annual report, Sophos surveyed 5,600 organizations from 31 countries. A total of 965 of those polled shared details of their ransomware attacks. Read More…