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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Palo Alto Networks, Unit 42 has provided great research on the Mespinoza criminal cyber group. As cyber extortion flourishes, ransomware gangs are constantly changing tactics and business models to increase the chances that victims will pay increasingly large ransoms. As these criminal organizations become more sophisticated, they are increasingly taking on the appearance of professional enterprises. One good example is Mespinoza ransomware, which is run by a prolific group with a penchant fo
