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Cyber-hacking victims ‘paid out record $1.1bn in ransoms last year‘

Ransomware gangs targeted hospitals, schools and bodies such as BA and the BBC, Chainalysis finds

“A major thing we’re seeing is the astronomical growth in the number of threat actors carrying out ransomware attacks,” said Allan Liska, analyst at cybersecurity firm Recorded Future. The Clop group emerged as a significant player last year, claiming responsibility for the hack of the payroll provider Zellis, which targeted a vulnerability in MOVEit software, which is used to transfer files around internal networks. “This increase is expected to continue in 2024 and with an ongoing focus on mass data exfiltration by threat actor groups, which holds the potential for higher ransom payments by impacted companies,” she said.

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