Crypto Ransomware Payments Surpass $1bn in 2023

Ransomware Attacks on the Rise: Over $1.1 Billion Paid in Cryptocurrencies in 2023

After a decline in 2022, the ransomware landscape has experienced a significant escalation in attacks, with victims paying out over $1.1 billion in cryptocurrencies to cyber criminals last year, according to findings from Chainalysis’ upcoming 2024 Crypto Crime Report. This marks an all-time high for ransomware payouts and raises concerns about the worsening threat.