Ransomware gangs are rolling in cash, with hackers taking home $459.8 million in the first half of 2024 alone
Briefly

from ITPro6 months ago
The report reveals that ransomware gangs earned a staggering $459.8 million in the first half of 2024, emphasizing the profitability of 'big game hunting' strategies.
ITProhttps://www.itpro.com/security/ransomware/ransomware-gangs-are-rolling-in-cash-with-hackers-taking-home-dollar4598-million-in-the-first-half-of-2024-alone
Brian Boyd highlighted that the burgeoning ransomware market reflects the growing number of organizations affected, despite increased awareness around cybercrime, making it a critical concern.
ITProhttps://www.itpro.com/security/ransomware/ransomware-gangs-are-rolling-in-cash-with-hackers-taking-home-dollar4598-million-in-the-first-half-of-2024-alone
This year, ransomware payments have skyrocketed, with the median payment now at $1.5 million, signaling a shift towards targeting larger businesses capable of higher payouts.
ITProhttps://www.itpro.com/security/ransomware/ransomware-gangs-are-rolling-in-cash-with-hackers-taking-home-dollar4598-million-in-the-first-half-of-2024-alone
The record-breaking $75 million payout to the Dark Angels group demonstrates a significant trend where ransomware groups are prioritizing bigger targets, ensuring larger ransoms.
ITProhttps://www.itpro.com/security/ransomware/ransomware-gangs-are-rolling-in-cash-with-hackers-taking-home-dollar4598-million-in-the-first-half-of-2024-alone
Read at ITPro
#ransomware #cybersecurity #cybercrime #financial-loss #big-game-hunting
[
|
]