SOPHOS, a global leader in next-generation cybersecurity, recently released its annual survey and review of real-world ransomware experiences in the State of Ransomware 2022.

The report shows that 66 percent of organizations surveyed were hit with ransomware in 2021, up from 37 percent in 2020. The average ransom paid by organizations that had data encrypted in their most significant ransomware attack, increased nearly five-fold to reach $812,360, with a threefold increase in the proportion of organizations paying ransoms of $1 million or more.