Ransomware Payments Hit $1.1B Record in 2023

In 2023, organizations saw a “major escalation” in the frequency, scope and volume of ransomware attacks, highlighting challenges in efforts by enterprise security teams and the U.S. government to curb the threat of ransomware overall.

A portion of a report released by Chainalysis on Wednesday recorded $1.1 billion in ransomware payments in 2023, a significant increase from the $567 million reported in 2022 and the highest number observed by the firm ever. The figure is reflective of an intense year …

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