Ransomware payments have dropped to 23% among breached companies, marking a continuous decline. Enhanced security and pressure from authorities are cited as reasons for this trend. As ransomware groups shift focus from encryption to data theft, newer attacks show only a 19% payment rate when data is stolen without encryption. Average ransom payments decreased to $377,000. Targeting mid-sized firms increases as larger companies fortify defenses. Cyber attackers may pivot to social engineering to gain access as profits dwindle.
Ransomware Profits Drop as Victims Stop Paying Hackers
