Ransomware gangs continued to wreak havoc in 2024, but new research shows that the amounts victims paid these cybercriminals fell by hundreds of millions of dollars.

Ransomware payments fell by more than one-third in 2024 as an increasing number of victims refused to negotiate with hackers. In a report published

The overall number of attacks increased, according to Chainalysis, but several large hacking groups left the scene.