The FinCEN report highlights the rise and fall of ransomware incidents, with law enforcement actions impacting operations of gangs like ALPHV/BlackCat and LockBit. The report underscores the financial damage across industries, emphasizing the need for continued vigilance and reporting. #ALPHV #LockBit
Keypoints
- Ransomware activity peaked in 2023 before declining in 2024 due to law enforcement efforts.
- Organizations paid over $2.1 billion in ransom from 2022 to 2024, totaling about $4.5 billion historically.
- Manufacturing, financial services, and healthcare were the most targeted industries.
- Most ransom payments were below $250,000, with Bitcoin being the primary payment method.
- The most active ransomware gangs included ALPHV/BlackCat, LockBit, and Akira, responsible for a significant share of attacks and ransom payments.