Ransomware Payments, Demands Rose Dramatically in 2021

New data pulled from incident response cases by Unit 42 shows cyber-extortion attacks jumped by 85%.

Ransomware attackers demanded dramatically higher ransom fees last year, and the average ransom payment rose by 78% to 541,010, according to data from incident response (IR) cases investigated by Palo Alto Networks Unit 42.
IR cases by Unit 42 also saw a whopping 144% increase in ransom demands, to $2.2 million. According to the report, the most victimized sectors were professional and legal services, construction, wholesale and retail, healthcare, and manufacturing.
Cyber extortion spiked, with 85% of ransomware victims — some 2, 556 organizations — having their data dumped and exposed on leak sites, according to the
2022 Unit 42 Ransomware Threat Report
.
Conti led the ransomware attack volume, representing some one in five cases Unit 42 investigated, followed by REvil, Hello Kitty, and Phobos.

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Ransomware Payments, Demands Rose Dramatically in 2021