Global ransomware payments topped $1B last year with Russia-based groups blamed for a resurgence in attacks as they stop focusing on Ukraine | #ransomware | #cybercrime

The bad guys behind ransomware attacks clocked up over $1.1 billion in extorted winnings in 2023. So says Chainalysis, a blockchain data specialist with a particular interest in the subject given ransom payments are typically made in cryptocurrency.

News of 2023’s peak could come as something of a surprise given that 2022 saw a significant dip in ransomware revenues, again according to Chainalysis. It estimates $567 million in payments in 2022, down from $983 million in 2021.

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