Ransom Payouts Hit Record Levels Amid Social Engineering and Data Exfiltration Attacks

Ransomware payouts surged to unprecedented levels in the second quarter of 2025, driven largely by the rise of highly targeted social engineering schemes. According to new data from Coveware by Veeam, the average ransom payment skyrocketed to $1.13 million, representing a 104% jump compared to the previous quarter. The median ransom also doubled to $400,000, highlighting how even mid-tier victims are now facing significantly higher costs. Analysts attribute this spike to larger organizations paying ransoms in incidents where data was stolen rather than encrypted, marking a significant shift in extortion tactics.  

The study found that data exfiltration has now overtaken file encryption as the primary method of extortion, with 74% of attacks involving theft of sensitive information. Multi-extortion techniques, including delayed release threats, are also on the rise. Bill Siegel, CEO of Coveware by Veeam, described the findings as a pivotal moment for ransomware, explaining that threat actors are no longer focused solely on disrupting backups or locking systems. Instead, they increasingly exploit people, organizational processes, and the reputational value of stolen data. 

The report identified the leading ransomware variants for the quarter as Akira, responsible for 19% of incidents, followed by Qilin at 13% and Lone Wolf at 9%. Notably, Silent Ransom and Shiny Hunters entered the top five variants for the first time, reflecting the growing influence of newer threat groups. Among the most concerning trends was the

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