Companies paid over $2.1 billion to ransomware gangs between 2022 and 2024, with 2023 experiencing a peak payout of $1.1 billion. The report highlights the prominence of gangs like ALPHV/BlackCat and LockBit, and details targeted sectors such as finance, manufacturing, and healthcare. #ALPHV #LockBit #BlackBasta #RansomwarePayments #CyberThreats
Keypoints
- Over $2.1 billion was paid by companies to ransomware groups from 2022 to 2024.
- Ransom payments hit a record high of $1.1 billion in 2023, with median payments increasing each year.
- ALPHV/BlackCat and LockBit were among the most active ransomware gangs tracked in the study.
- Most ransomware payments (97%) were made in Bitcoin through unregulated exchanges.
- Targeted sectors included financial services, manufacturing, and healthcare industries.
Read More: https://therecord.media/fincen-treasury-2-billion-ransomware-payments-report