Ransomware payments dropped in 2024 as victims refused to pay hackers

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TechCrunch 11h ago

Ransomware payments dropped in 2024 as victims refused to pay hackers - TechCrunch

Quick Summary:

In a report published Wednesday, crypto forensics firm Chainalysis said that while ransomware gang leak sites posted more victims than in previous years during 2024, fewer victims gave in to the hackers’ demands.

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

Chainalysis says the surprise decline — the first observed since 2022 — was also driven by an increase in law enforcement action, including the disruption of the prolific LockBit ransomware gang, and improved international collaboration.