Paying the Ransom Doubles the Cost of a Ransomware Attack

The total cost of the average ransomware attack more than doubles if the victim decides to pay the ransom, according to Sophos’s State of Ransomware 2020 report. The Sophos-commissioned survey of 5,000 IT managers around the world found that the average total cost of a successful ransomware attack—taking into account factors such as downtime, technical recovery, extra hours, lost business, as well as the ransom payment—was $732,000 for victims that refused to pay the ransom. Interestingly, that number rises to $1,448,000 for organizations that do pay the ransom.
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