Ransomware payments doubled to more than $1 billion in 2023

Companies, individuals and other victims of ransomware attacks paid hackers more than $1.1 billion in 2023 in exchange for unlocking their data, according to new research. Chainalysis — a blockchain research firm that analyzes transactions made by ransomware gangs, affiliates and other cybercriminals — released a report this morning finding that ransom payments broke records

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