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Ransomware requital fell by more than one - third in 2024 as an increasing bit of victims refused to negotiate with hackers .
Ina composition publish Wednesday , crypto forensics house Chainalysis say that while ransomware bunch leakage sites posted more victims than in previous years during 2024 , fewer victims gave in to the hackers ’ demand . Chainalysis reported a 35 % drop in ransom payments , with ransomware hackers receiving a sum of $ 814 million compared to 2023 ’s record book - high sum of $ 1.25 billion .
In further evidence of victim refuse to meet attackers ’ demands , Chainalysis said that during the 2nd one-half of 2024 , the nitty-gritty demanded by cyber gangs were 53 % high than the literal payouts — despite an increase in the identification number of ransomware attacks .
Chainalysis says the surprisal decline — the first observed since 2022 — was also driven by an growth in law enforcement action , including the disruption of the prolific LockBit ransomware gang , and improved international collaborationism .
