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The proportion of ransomware demands that resulted in payments shrank from 44 percent in Q3/2020 to 12 percent during the most recently closed quarter, according to Corvus, which has seen large, sustained declines in ransomware claims. Further, costs associated with each ransomware attack have held steady year-on-year, averaging $142,000, a Corvus report found.

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Steve Hallo

Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected]

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