SC Media: Ransomware payments breached $1 billion in 2023, a first
Ransomware attacks netted payments exceeding $1 billion globally for the first time in 2023, according to data published Wednesday.
Zero-day exploits, including the MOVEit hack, the spread of ransomware-as-a-service (RaaS) and “big game hunting” attacks seeking ransomware payments of $1 million or more helped drive record-breaking numbers, according to blockchain analysts at Chainalysis.
The $1.1 billion in ransomware payments tracked in 2023 represents a rebound from relatively low ransomware revenue in 2022. Total ransomware payments that year dropped to $567 million from $983 million in 2021.
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