Ransom Payments Surge 176% to $1.88M: Coveware Report
Coveware by Veeam®, a leading authority in ransomware response and cyber extortion trends, today released its Q2 2026 ransomware report, which found the average ransom payment rose 176% from the previous quarter to $1.88 million. The increase was driven by a small number of large data-theft extortion cases involving law firms and other organizations with highly sensitive data. At the same time, the share of victims choosing to pay fell to a record low, and the median payment dropped 50% to $150,000.
For Indian organizations, the findings arrive as cyber incidents face greater operational, reputational and regulatory scrutiny. With CERT-In strengthening expectations around prevention, response and reporting, ransomware recovery is becoming a governance and trust issue — not just an IT problem. As attackers increasingly use data theft and exposure threats to pressure victims, Indian enterprises need recovery strategies that can prove data integrity, preserve evidence and...
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