https://www.law.com/2024/08/22/2024-ransomware-payments-poised-to-shatter-record-as-gangs-target-big-game/
Credit: local_doctor/Adobe StockNEWS
A midyear report by blockchain analysis firm Chainalysis projects the total paid this year will soar past $1 billion again, even though fewer victims are paying.
August 22, 2024 at 01:53 PM
2 minute read
Ransomware payments in 2024 are likely to shatter last year’s record of more than $1 billion worldwide, and rising payment amounts suggest perpetrators are focusing more on larger businesses and critical infrastructure projects.
The midyear report by blockchain analysis firm Chainalysis underscores the need for legal chiefs, particularly at larger companies, to more vigorously sweat the potential for ransomware attacks.
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