Ransomware payments doubled in fourth quarter 2019

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Insurance Information Institute - Jan 30, 2020

The average ransomware payment increased by a whopping 104 percent in the fourth quarter of 2019, spiking to $84,116 from $41,198 in Q3, according to a report from Coveware, a security vendor. Ransomware, also known as cyber extortion, involves the use of malicious software designed to block access...

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