- The amount of money paid to ransomware attacks decreased in 2024, reports complaints
- A total of $ 813.55 million was paid, compared to more than $ 1.2 billion in 2023
- Even those who pay the ransom are unlikely to recover their data
Anyone working in safety will not know the growing dangers of ransomware and its disastrous consequences too much, but new research in Chainalysis said that 2024 in fact experienced a 35% drop in annual sliding of the number of companies that paid the ransom .
Ransomware attacks would have reached a new summit in 2024, but the attackers of the income ransomware were received for the first time since 2022. That being said, the figures are still quite witness.
Between January and June 2024, Chainalysis reported a loss of victim of $ 459.8 million in Ransom Payments, which was in fact 2.38% higher as the same period in 2023. Staging $ 1.25 billion .
New ransom directives
There are some likely reasons for this. While cybersecurity teams develop their tactics and adapt to threats, from alternatives to blind ransoms have developed. For example, the British government has launched proposals for the protection of ransomware which includes the ban on ransom payments for public services, aimed at dissuading criminals and disrupting the revenue of attackers.
Research has shown that those who pay the ransom are not even particularly likely to recover their data, with only 7% of around 7% in fact completely their information, which will undoubtedly take the response of incidents for many organizations .
“According to our data, around 30% of negotiations actually lead to payments or victims deciding to pay ransoms. Generally, these decisions are made on the basis of the perceived value of specifically compromised data, ”commented Dan Saunders, director of response to incidents at Kivu Consulting.
Of course, as there are more and more companies feel it and more and more security teams are developing their tactics against cyber attacks, defenses against ransomware will improve. Cybersecurity and cyber attacks are constantly evolving, so the future is unpredictable.
“For years now, the landscape of cybersecurity seemed to rush to a so-called apocalypse ransomware” notes that Jacqueline Burns Koven, head of cyber-menace intelligence to the analysis chain “, therefore this strong decline, at levels Even lower than those in 2020 and 2021 speaks of the effectiveness of the law implementation measures, improved international collaboration and an increasing refusal of victims to transform into attaches of attackers.
