{"id":1342,"date":"2024-08-21T11:19:45","date_gmt":"2024-08-21T11:19:45","guid":{"rendered":"https:\/\/www.tsfactory.com\/forums\/?p=1342"},"modified":"2024-08-21T11:19:45","modified_gmt":"2024-08-21T11:19:45","slug":"ransomware-on-track-for-record-profits-even-as-fewer-victims-pay","status":"publish","type":"post","link":"https:\/\/www.tsfactory.com\/forums\/blog\/ransomware-on-track-for-record-profits-even-as-fewer-victims-pay\/","title":{"rendered":"Ransomware on track for record profits, even as fewer victims pay"},"content":{"rendered":"<p>Ransomware payments in 2024 are on track to once again hit a record total value, even as fewer victims are choosing to pay attackers, Chainalysis found in its 2024 Crypto Crime Mid-year Update published last week.<\/p>\n<p>The blockchain intelligence firm revealed in a report published earlier this year that total ransomware payments exceeded $1 billion globally for the first time in 2023, and its mid-year report published Thursday indicated 2024 is also on track to hit, or even exceed, last year\u2019s numbers.<\/p>\n<p>While the total global ransomware inflows only increased by 2%, from $449.1 million to $459.8 million, between the first half of 2023 and first half of 2024, the cost of individual payments show a more drastic shift in trends.<\/p>\n<p>For example, the median ransomware payment among the most severe ransomware groups \u2014 those whose maximum payments exceeded $1 million \u2014 increased nearly eight-fold from slightly less than $200,000 at the start of 2023 to about $1.5 million by the middle of June 2024.<\/p>\n<p><a href=\"https:\/\/www.scmagazine.com\/news\/ransomware-on-track-for-record-profits-even-as-fewer-victims-pay\">Read the Full Story Here<\/a><\/p>\n<p>Source: SC Media<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ransomware payments in 2024 are on track to once again hit a record total value, even as fewer victims are choosing to pay attackers, Chainalysis found in its 2024 Crypto Crime Mid-year Update published last week. The blockchain intelligence firm revealed in a report published earlier this year that total ransomware payments exceeded $1 billion [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":1343,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-1342","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Ransomware on track for record profits, even as fewer victims pay - Community<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.tsfactory.com\/forums\/blog\/ransomware-on-track-for-record-profits-even-as-fewer-victims-pay\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ransomware on track for record profits, even as fewer victims pay - Community\" \/>\n<meta property=\"og:description\" content=\"Ransomware payments in 2024 are on track to once again hit a record total value, even as fewer victims are choosing to pay attackers, Chainalysis found in its 2024 Crypto Crime Mid-year Update published last week. The blockchain intelligence firm revealed in a report published earlier this year that total ransomware payments exceeded $1 billion [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.tsfactory.com\/forums\/blog\/ransomware-on-track-for-record-profits-even-as-fewer-victims-pay\/\" \/>\n<meta property=\"og:site_name\" content=\"Community\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TSFactoryLLC\/\" \/>\n<meta property=\"article:published_time\" content=\"2024-08-21T11:19:45+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.tsfactory.com\/forums\/wp-content\/uploads\/2024\/08\/ransomware.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"1920\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Chelsie Wyatt\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@TSFactoryLLC\" \/>\n<meta name=\"twitter:site\" content=\"@TSFactoryLLC\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Chelsie Wyatt\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.tsfactory.com\/forums\/blog\/ransomware-on-track-for-record-profits-even-as-fewer-victims-pay\/\",\"url\":\"https:\/\/www.tsfactory.com\/forums\/blog\/ransomware-on-track-for-record-profits-even-as-fewer-victims-pay\/\",\"name\":\"Ransomware on track for record profits, even as fewer victims pay - 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