Ransomware Frenzy: Attack Rates Soar, But Profits Take a Nose Dive!
In 2025, ransomware attackers are busier than ever, setting records in the first quarter. But a twist: their profits plummet as victims refuse to pay up. With average demands at $663,582, it’s a comedy of cyber errors for hackers, who might need to switch to a less demanding career, like cat herding.
Hot Take:
Ransomware groups are like that one kid who keeps upping the stakes in a poker game, convinced that if they just keep playing, they’ll eventually hit the jackpot. But just like in poker, sometimes all you get is an empty wallet and a face full of shame. As their profits tumble, these cybercriminals are throwing more attacks at the wall, hoping something will stick. Spoiler: not much is sticking.
Key Points:
- 2025’s first quarter set a record for ransomware activity, with the healthcare sector being a primary target.
- Despite more attacks, ransomware profits are down, with a 33% drop from 2023 to 2024.
- The US remains the number one target for ransomware groups.
- Average ransom demands have decreased significantly, with a shift from millions to hundreds of thousands.
- Ransomware groups are restructuring, with some losing influence and new leaders emerging.
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