Ransomware’s Rocky Year: Fewer Payments, More Attacks, and New Cyber Villains Emerge
Ransomware payments in 2024 hit $813.5 million, down from $1.25 billion in 2023. Despite more attacks, fewer victims paid up. Blame it on faulty decryption tools, growing distrust, and law enforcement cracking down on cybercriminals. It seems even ransomware needs a financial advisor these days!
Hot Take:
It seems like cybercriminals are having a rough year! Ransomware payments have taken a nosedive, and the once-feared big-time crooks are now more like small-time scammers trying to make ends meet. Maybe it’s time for these cyber villains to consider a career change—perhaps something less illegal, like knitting or interpretive dance?
Key Points:
- Ransomware payments dropped from $1.25 billion in 2023 to $813.5 million in 2024.
- The ransomware ecosystem is fragmenting with new, smaller players emerging.
- Law enforcement successes are disrupting cybercriminal networks.
- 2024 witnessed the highest volume of ransomware attacks since 2021, with 5,263 cases.
- Industrials and North America were the most targeted in 2024.
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