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Ransomware Extortion Drops to $813.5M in 2024, Down from $1.25B in 2023

Ransomware attacks netted cybercrime groups a total of $813.5 million in 2024, a decline from $1.25 billion in 2023. The total amount extorted during the first half of 2024 stood at $459.8 million, blockchain intelligence firm Chainalysis said, adding payment activity slumped after July 2024 by about 3.94%. "The number of ransomware events increased into H2, but on-chain payments declined,

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