The Sophos State of Ransomware 2024 survey found that Australian organizations paid an average ransom of USD6 million, 297% higher than the previous year, with a recovery cost of USD2.37 million; despite a decrease in attack rates, 54% of Australian organizations experienced ransomware, with even small firms targeted; ransom demands averaging USD6.8 million emphasized the high stakes for organizations, with compromised credentials and vulnerabilities being common attack vectors; in 66% of cases where data was encrypted in Australia, the ransom was paid, showcasing an urgent need for better prevention strategies and heightened cybersecurity measures
```https://australiancybersecuritymagazine.com.au/sophos-ransomware-reports-finds-australians-pay-top-dollar/?utm_source=rss&utm_medium=rss&utm_campaign=sophos-ransomware-reports-finds-australians-pay-top-dollar&utm_source=rss&utm_medium=rss&utm_campaign=sophos-ransomware-reports-finds-australians-pay-top-dollar