- The amount of money paid for ransomware -attacks fell in 2024 reports claims
- In total, $ 813.55 million was paid compared to over $ 1.2 billion in 2023
- Even those who pay ransom
Anyone who works in safety will be overly familiar with the rising dangers of ransomware and its disastrous consequences, but new research from chain analysis has claimed that 2024 actually experienced a decrease of 35% year to year in the number of companies paid ransom.
Ransomware -attacks reportedly hit a new high in 2024, but the revenue attacks received fell for the first time since 2022. That said, the number is still quite fuel.
Between January and June 2024, Chain Analysis reported a $ 459.8 million victim loss for ransom payments, which was actually 2.38% higher than the same period in 2023. However, this slowed down in the period after, and 2024’s total amount came to $ 813, 55 million compared to the 2023s staggering $ 1.25 billion.
New Ransom -Guidelines
There are a few probable reasons for this. As cyber security teams develop their tactics and adapt to threats, alternatives to blindly have to pay ransom developed. For example, the British government has launched proposals for protecting ransomware, which includes a ban on ransom payments for public services aimed at deterring criminals and disrupting the attacker income source.
Research has shown that those who pay ransom are not even very likely to get their data back, with only approx. 7% actually fully restore their information, which will undoubtedly be included in the event response for many organizations.
“According to our data, about 30% of the negotiations actually lead to payments or the victims who decide to pay ransom. In general, these decisions are made based on the perceived value of data specifically compromised, ”commented Dan Saunders, director of events response at KIVU Consulting.
When more companies experience this and when more security teams develop their tactics against cyberattacks, the defense against ransomware will of course be better. Cyber security and cyberattacks are both constantly developed, so the future is unpredictable.
“For years now, the cyber security landscape seemed to throw themselves at a so-called ransomware-apocalypse” notes Jacqueline Burns Koven, head of cyber threat information by chainalysis, “so this sharp decline, to levels even lower than those in 2020 and 2021 speaks to the effectiveness of legal reunion, improved International cooperation and a growing rejection from the victims to cave to attackers require.
