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Ransomware payments plummet as more victims refuse to pay
The changes in the ransomware landscape from 2023 to 2024 show a promising trend: ransomware payments have decreased by a third.
Chainalysis’ latest report on how the ransomware landscape changed from 2023 to 2024 shows a promising trend: An increasing number of victims refuses to pay the ransom. “The market never returned to the previous status quo following the collapse of LockBit and BlackCat/ALPHV,” Lizzie Cookson, Senior Director of Incident Response at Coveware, commented. The current ransomware ecosystem is infused with a lot of newcomers who tend to focus efforts on the small- to mid-size markets, which in turn are associated with more modest ransom demands.”
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