Cyber Security

Ransomware payments down 40% in 2022 – Week in security with Tony Anscombe

Ransomware revenue plunges to $456 million in 2022 as more victims refuse to pay up. Here’s what to make of the trend.

Ransomware gangs extorted at least $456 million from victims in 2022, which represents a drop of 40 percent from$765 million the year prior, according to research by Chainalysis. Couple this with a fall of 24 percent in ransomware detections between May and August of 2022 as recorded by ESET Threat Report T2 2022.

Now, what to make of these developments? What’s behind the drop in ransomware payments last year? Is ransomware on the decline? Watch the video to find out.

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