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Global ransomware payments plunge by a third amid crackdown
Money stolen falls from record $1.25bn to $813m as more victims refuse to pay off criminal gangs
The decline in such cyber-attacks – where access to a computer or its data is blocked and money is then demanded to release it – came despite a number of high-profile cases in 2024, with victims including NHS trusts in the UK and the US doughnut firm Krispy Kreme. “For years now, the cybersecurity landscape seemed hurtling towards a so-called ransomware apocalypse, so this sharp decline, to levels even lower than those in 2020 and 2021 speaks to the effectiveness of law enforcement actions, improved international collaboration, and a growing refusal by victims to cave into attackers demands,” she said. One expert said a coordinated international operation in February last year to take down a leading ransomware gang, LockBit, appeared to have had an effect as well as the disappearance of another cybercrime outfit called BlackCat/ALPHV.
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