Ransomware payments dropped 35% in 2024, with victims resisting extortion and investing in cybersecurity defenses.

Law enforcement actions, better defenses, and a refusal by victims to pay helped to reduce the amount of ransoms paid in 2024 by $35%, a sharp decline from the record $1.25 billion shelled out in 2023 ...

Axios Visuals Ransomware gangs didn't profit last year as much as they usually do, according to new Chainalysis data. Why it matters: Cybercrime follows the money, and if criminals are seeing losses, ...

Several factors, including the impact of law enforcement operations disrupting cyber criminal gangs and better preparedness ...

An analysis by Chainalysis shows that ransomware payments dropped to $813 million in 2024, from $1.25 billion in 2023.