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Corvus Insurance finds 2021 average ransoms paid by quarter were down 44.2%

April 19, 2022

Corvus Insurance has released findings from its second Corvus Risk Insights Index – a compilation of industry trends and data analysis based on the company’s IT security scanning technology, the Corvus Scan.

One of the major findings from the report was that ransomware attacks are down from recent peaks, as the costs and frequency of claims have trended downwards.

The report stated that within Q4, the rate of ransomware claims reached just half of the peak seen in Q1 2021, decreasing from 0.6% to 0.3%.

Whereas, in Q3 2021, the average ransom paid was “atypically high”, the entire 2021 ransoms paid by quarter average was $167k, 44.2% less than the Q3 figure.

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