Ransomware payments declined in 2024 despite massive well-known hacks

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Ars Technica 15h ago

Ransomware payments declined in 2024 despite massive well-known hacks - Ars Technica

Quick Summary:

Amount paid by victims to hackers declined by hundreds of millions of dollars.

Breaking down the payments over the course of 2024 shows an even more positive trend: Hackers collected just $321 million from July through December compared to $492 million the previous half year, the biggest falloff in payments between two six-month periods that Chainalysis has ever seen.

For much of the past year, the trail of destruction and mayhem left behind by ransomware hackers was on full display.