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The ransomware business is booming, even as enforcers shut down some major players
Manufacturing and legal services were the most affected sectors.
Hive extorted $100 million in ransom payments, according to the US Justice Department, and caused major disruptions including to a hospital that had to go analog in the wake of its attack and couldn’t accept new patients. Ragnar Locker attacked critical infrastructure including a Portuguese national carrier and an Israeli hospital, according to European law enforcement. While the firm found a drop in the total value of illegal crypto activity overall in 2023 based on preliminary findings, ransomware revenue increased.
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