Sophos finds ransomware payments increase 500% in the last year
Sophos, a global leader of innovative security solutions that defeat cyberattacks, has released its annual State of Ransomware 2024 survey report, which found the average ransom payment has increased 500% in the last year. Organisations that paid the ransom reported an average payment of US$2 million, up from US$400,000 in 2023. However, ransoms are just one part of the cost. Excluding ransoms, the […]