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Chainalysis flags record $1B payments in 2023 — TradingView News | #ransomware | #cybercrime


Criminals made off with a record $1 billion in cryptocurrency ransomware payments in 2023 as high-profile institutions and infrastructure were targeted by sophisticated attacks.

According to the latest excerpt from Chainalysis’ 2024 “Crypto Crime Report” focusing on ransomware, significant supply chain attacks occurred using ubiquitous file transfer software MOVEit, which affected household names like the BBC and British Airways.

A contributing factor to the resurgence of ransomware in 2023 was an escalation in the “frequency, scope, and volume of attacks.” Various actors carried out attacks, from individuals and small criminal groups to large syndicates.

Cointelegraph

Chainalysis cites data and insights from cybersecurity firm Recorded Future, which reported 538 new ransomware variants in 2023. The report also provides visualizations of the different ransomware strains by payment size and frequency, illustrating the variety of criminal strategies.



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