A recent Chainalysis report indicates that 2024 is set to be the highest-grossing year for ransomware payments. 2023 is the current record holder in that regard, surpassing the $1 billion dollar mark, which was an interesting development given the significant decline in ransomware payments that occurred in 2022. In the chart we have below, we can see a clear trendline indicating an increasing trend since 2019. In hindsight, it may be more useful to view 2022 as an anomaly. The mid-year total
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A report published today by blockchain investigations firm Chainalysis confirms that cybercrime groups engaging in ransomware attacks don't operate in their own bubbles but often switch ransomware suppliers (RaaS services) in a search for better profits. The report analyzed how Bitcoin funds were transferred from victims to criminal groups, and how the money was divided among different parties involved in the ransomware attack, and how it was eventually laundered.
In today’s world, the ransomwar
