In 2024, ransomware payments decreased significantly, with victims showing greater resistance to hackers. According to a Chainalysis report, ransom payments dropped by 35%, totaling $814 million compared to $1.25 billion in 2023. Despite more frequent attacks, the monetary demands from cyber gangs surged, highlighting a growing trend of non-compliance among victims. The decline has been attributed to heightened law enforcement actions against groups like LockBit and stronger international cooperation to combat ransomware attacks.
Chainalysis reported a 35% drop in ransom payments, with ransomware hackers receiving a total of $814 million compared to 2023's record-high sum of $1.25 billion.
Despite an increase in the number of ransomware attacks, the sums demanded by cyber gangs were 53% higher than the actual payouts.
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