While the average ransomware payment ($290k) has increased in Q3 2021 compared with the same quarter last year, a smaller percentage of ransomware demands are being met. The insuretech provider of “smart commercial insurance products” reports companies are doing a better job of backing up their data, which helps them avoid the tender mercies of ransomware criminals.
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A series of comprehensive reports covering unique data and analysis drawn from Corvus Insurance’s work in modeling and managing risk:
Source: Corvus Risk Insights Index Q4 2021