The 2023 State of Ransomware report, published by UK cybersecurity firm Sophos, reveals ransomware payments have almost doubled to £1.2m ($1.5m) over the past 12 months, up from £644,000 ($812,000). In the UK, the average payment was even higher, at £1.66m ($2.1m). The report indicated the largest organisations paid the highest ransoms, indicating hackers adjust demands based on affordability. The Sophos report was based on a survey of 3,000 senior IT and cybersecurity professionals across 14 countries, including the UK, the US and Australia.
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