Proportion paying ransoms declines in Q1 2024, even as takings break a new record

Only 28% willing to meet ransomware gangs' demands

clock • 2 min read
Proportion paying ransoms declines in Q1 2024, even as takings break a new record
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Proportion paying ransoms declines in Q1 2024, even as takings break a new record

Statistics from cybersecurity firm Coveware reveal that organisations are increasingly refusing to pay ransomware extortion demands, which has led to a record low of 28% agreeing to pay in the first quarter of this year.

This compares with 29% paying up in the last quarter of 2023, continuing a downward trend observed since 2019. In Q1 2019 85% paid up, according to Coveware's figures. It comes as organisations ...

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