Ransomware Payments Plummet: Victims Say No to Cybercriminals!
Ransomware payments decreased by 35% in 2024, as more victims chose not to pay. Thanks to law enforcement’s advice against ransoms and the challenges hackers face in cashing out, many opted for backups or free decryption help. Meanwhile, cybercriminals clutch their e-wallets, waiting for Bitcoin to make it rain.
Hot Take:
Who knew cybercriminals would hit a cash flow problem? It seems like they need a good financial advisor to diversify their ransomware revenue streams. Maybe they should consider starting a side hustle with all that time they’re spending waiting for Bitcoin to hit the moon!
Key Points:
- Ransomware payments have decreased by 35% in 2024 despite an increase in attacks.
- 60% to 70% of victims chose not to pay and instead relied on backups or law enforcement.
- Victims are wary about hackers failing to return or delete stolen data after payment.
- Law enforcement agencies are advising against paying ransoms, discouraging repeat attacks.
- Cybercriminals struggle to liquidate cryptocurrency due to sanctions and dark web surveillance.
Already a member? Log in here