The average ransomware payout in Q4 2020 was $233,000, according to ITRC. In Q3 2018, for comparison, the average payout was less than $10,000. (Credit: igorstevanovic/Shutterstock.com)
Although cyberattacks have been growing in volume and severity overall, malicious actors are targeting fewer individuals opting to target larger organizations, according to the Identity Theft Resource Center (ITRC), which reported a year-on-year decrease of 19% in the total number of reported data breaches.
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Steve Hallo
Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected]
