Ransomware payments in 2023 exceeded $1 billion, reaching an all-time high. Despite a decrease in ransomware payments in 2022, the overall trend from 2019 to 2023 indicates a growing problem. Ransomware attacks were carried out by diverse actors, ranging from large syndicates to smaller groups and independents. The blockchain data platform acknowledged that this figure doesn’t cover the full economic impact, including productivity loss and repair expenses incurred by victims. The decline in ransomware activities in 2022 was an anomaly and not a trend.
Source: Chayanika Deka, 2024-02-08; https://cryptopotato.com/chainalysis-reveals-record-breaking-1-billion-in-ransomware-payments-in-2023/