Ransomware payments fell 35% in 2024.

Ransomware payments decreased by 35% in 2024, dropping from $1.25 billion in 2023 to $814 million, according to a report by Chainalysis. This decline was attributed to law enforcement actions, including the disruption of the LockBit ransomware gang and crackdowns on cryptocurrency laundering services. Despite these efforts, ransomware operators are adapting by using new tactics to evade law enforcement and cybersecurity measures. [Extracted from the article]