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Ransomware Quarterly Reports

Ransomware threats are constantly evolving.
Learn more about ransomware trends through Coveware’s quarterly ransomware reports. The data is collected first-hand from Coveware’s Incident Response team. The report also aggregates important statistics such as ransom demands and attack vectors. Subscribe to the Blog.

Light speed, ridiculous speed, ludicrous speed
Category: Ransomware Quarterly Reports

Patch management goes from hard, to ludicrous in the agentic AI era

The release of agentic AI is compressing the nature of patch management and how defenders must prepare for the future of cyber attacks. This is increasing pressure on patch velocity, compensating controls, and dependency visibility.
Payments vs inquiries chart
Category: Ransomware Quarterly Reports

Why Zero-Day Downstream Mass Data Extortion Campaigns are Losing Their Bite

Are we seeing the extinction of mass data exfiltration campaigns? The stats demonstrate these attacks are losing their efficacy.
Payments by quarter chart
Category: Ransomware Quarterly Reports

Insider Threats Loom while Ransom Payment Rates Plummet

The percentage of companies choosing to pay ransoms dropped significantly, while threat actors shift their tactics in response to decreasing profits.
Payments chart
Category: Ransomware Quarterly Reports

Targeted social engineering is en vogue as ransom payment sizes increase

Several ransomware groups used highly targeted social engineering tactics to create a major impact across several industry sectors in Q2 2025.
Chess pieces illustrations
Category: Ransomware Quarterly Reports

The organizational structure of ransomware threat actor groups is evolving before our eyes

The Ransomware-as-a-service (RaaS) model has not recovered from law enforcement disruption, and the entrance of novice actors along with non-Russian state-linked cybercriminals has led to uncertain outcomes for victims.
Ransomware takedown notice
Category: Ransomware Quarterly Reports

Will Law Enforcement success against ransomware continue in 2025?

2024 was a banner year for Law enforcement agency actions against ransomware and cybercrime groups. Will the new administration ensure this momentum continues?
Category: Ransomware Quarterly Reports

Law enforcement doxxing raises risk profile for threat actors

In Q3 2024 Law enforcement actions disrupted infrastructure and publicized the identity of several prolific ransomware threat actors.
Stats
Category: Ransomware Quarterly Reports

Ransomware actors pivot away from major brands in Q2 2024

Unaffiliated ‘lone wolf’ threat actors carry out a greater share of attacks as they attempt to obfuscate their identity in Q2 2024.
Payments by quarter
Category: Ransomware Quarterly Reports

RaaS devs hurt their credibility by cheating affiliates in Q1 2024

RaaS developers were caught cheating their affiliates, shaking the trust in the RaaS model following several high profile law enforcement actions.
Q4 2023 ransom payment rate
Category: Ransomware Quarterly Reports

New Ransomware Reporting Requirements Kick in as Victims Increasingly Avoid Paying

A lower percentage of ransomware victims are paying, as new regulations begin to elicit more and more public disclosure of ransomware incidents.
Payments by quarter
Category: Ransomware Quarterly Reports

Scattered Ransomware Attribution Blurs Focus on IR Fundamentals

In Q3 2023 a series of ransomware attacks by similar threat actors created headlines and blurred the lines of attribution.
Coveware Cyber Extortion Opportunity Cost Curve
Category: Ransomware Quarterly Reports

Ransom Monetization Rates Fall to Record Low Despite Jump In Average Ransom Payments

As ransomware affiliates are paid less frequently, they have adapted their strategies to compensate for the shifting dynamics of cyber extortion.
Median ransom size Q1 2023
Category: Ransomware Quarterly Reports

Big Game Hunting is back despite decreasing Ransom Payment Amounts

Ransomware threat actors are moving back up-market in search of lost profits as the cyber extortion economy seeks to halt its contraction.
Payment resolution rate
Category: Ransomware Quarterly Reports

Improved Security and Backups Result in Record Low Number of Ransomware Payments

Only 37% of ransomware victims paid a ransom in Q4, a record low as security and backup continuity investments pay off.
Spectrum of security events
Category: Ransomware Quarterly Reports

Uber Verdict Raises New Risks for Ransom Payments

The conviction of a high profile security executive who paid to suppress a data leak has created a new dimension of risk for security executives.
Case tactics
Category: Ransomware Quarterly Reports

Fewer Ransomware Victims Pay, as Median Ransom Falls in Q2 2022

Ransomware actors became more fluid in Q2 2022 as attribution becomes harder, and fewer victims succumb to paying cyber criminals.
Ransom chart
Category: Ransomware Quarterly Reports

Ransomware Threat Actors Pivot from Big Game to Big Shame Hunting

Less Victims of Ransomware are Paying, even as Cybercriminals Shift from Big Game to Big Shame Hunting
Law enforcement chart
Category: Ransomware Quarterly Reports

Law enforcement pressure forces ransomware groups to refine tactics in Q4 2021

Ransomware as a service groups are shifting their tactics as enterprises become harder targets, and law enforcement pressure mounts.
Impose cost button
Category: Ransomware Quarterly Reports

Ransomware attackers down shift to ‘Mid-Game’ hunting in Q3 2021

Ransomware attacks continued to proliferate in Q3 as governments and law enforcement ratchet up the pressure of the cyber extortion economy.
Privilege execution
Category: Ransomware Quarterly Reports

Q2 Ransom Payment Amounts Decline as Ransomware becomes a National Security Priority

Ransomware payment amounts declined in Q2 as several high profile attacks escalated the attention of the US government and law enforcement.
vectors chart
Category: Ransomware Quarterly Reports

Ransomware Attack Vectors Shift as New Software Vulnerability Exploits Abound

Ransomware attacks continued to proliferate in Q1 2021 as several common but unpatched software vulnerabilities created a fresh supply of compromised network access to ransomware affiliates.
World Map
Category: Ransomware Quarterly Reports

Q4 2020 Doxxing Victim Trends: Industrial Sector Emerges as Primary Ransom “Non-Payor”

See how doxxing victims are distributed across industries, company sizes, and revenue tiers. Find Coveware’s data and analysis on doxxing trends in Q4.
payment chart
Category: Ransomware Quarterly Reports

Ransomware Payments Fall as Fewer Companies Pay Data Exfiltration Extortion Demands

Coveware’s Q4 Ransomware Report finds that fewer companies are paying criminal extortionists that are holding stolen data for ransom.
chart
Category: Ransomware Quarterly Reports

Ransomware Demands continue to rise as Data Exfiltration becomes common, and Maze subdues

Ransomware attacks in Q3 2020 were marked by a larger reliance on stolen data. During the quarter, Maze sunset their operations while Ryuk restarted their campaign.