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

Yet beneath those headlines, the numbers tell a surprising story: Ransomware payments actually fell overall in 2024—and in the second half of the year dropped more precipitously than in any six-month period on record.

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