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Ransomware attacks began to become both less common and less costly in the first half of 2022, as payments to attackers and the number of attacks that resulted in paid ransoms both shrank, according to new data released today by cyberinsurance company Coalition.

After increasing sharply at the outset of the pandemic, the frequency of ransomware claims made by Coalition policyholders shrank sharply during the first six months of the year, dropping from a peak of 0.66% of all policyholders in the second half of last year to 0.41% in early 2022—a figure lower than the initial 0.44% seen in 2020’s second half, when the COVID crisis was at its height.

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