Ransomware payments hit a record high in 2023 – Week in security with Tony Anscombe

Cyber Security

Video, Ransomware

Called a “watershed year for ransomware”, 2023 marked a reversal from the decline in ransomware payments observed in the previous year

Ransomware payments in 2023 reached a record-breaking $1.1 billion in 2023, according to an analysis by Chainalysis, a blockchain research firm. Calling 2023 a “watershed year for ransomware”, Chainalysis also said that last year marked a reversal from the decline observed in 2022, when the payments were “only” half the amount last year. The underlying trend – that ransomware actors were more active last year than the year before – was also observed by ESET experts in the H2 2023 edition of ESET’s Threat Report.

What else is there to know about this trend, what are its wider implications, and could cyber-insurance partially explain these developments? Find out in the video.

Connect with us on FacebookTwitterLinkedIn and Instagram.

Products You May Like

Articles You May Like

US Organizations Still Using Kaspersky Products Despite Ban
CISA and EPA Warn of Cyber Risks to Water System Interfaces
DeceptionAds Delivers 1M+ Daily Impressions via 3,000 Sites, Fake CAPTCHA Pages
Italy’s Data Protection Watchdog Issues €15m Fine to OpenAI Over ChatGPT Probe
HubPhish Exploits HubSpot Tools to Target 20,000 European Users for Credential Theft

Leave a Reply

Your email address will not be published. Required fields are marked *