Security News > 2024 > July > How MFA Failures are Fueling a 500% Surge in Ransomware Losses
![How MFA Failures are Fueling a 500% Surge in Ransomware Losses](/static/build/img/news/how-mfa-failures-are-fueling-a-500-surge-in-ransomware-losses-medium.jpg)
2024-07-02 11:00
The cybersecurity threat landscape has witnessed a dramatic and alarming rise in the average ransomware payment, an increase exceeding 500%. Sophos, a global leader in cybersecurity, revealed in its annual "State of Ransomware 2024" report that the average ransom payment has increased 500% in the last year with organizations that paid a ransom reporting an average payment of $2 million, up from
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https://thehackernews.com/2024/07/how-mfa-failures-are-fueling-500-surge.html