Crypto Ransom Payments Surged 76.4% To $1.1 Billion In 2023 — Number Of Threat Actors See ‘Astronomical’ Growth
Contrary to the previous year’s decline, 2023 saw ransom payments made in cryptocurrency reach a staggering $1.1 billion, marking a new record. This surge in ransom payments was primarily driven by an increased number of high-profile infrastructure and institution attacks. What Happened: As reported on Thursday by Business Insider, Chainalysis, a cryptocurrency intelligence firm, released data showing a sharp 76.4% rise in ransom payments from the $567 million reported in 2022. “The astronomical growth in the number of threat actors carrying out ransomware attacks is a major factor contributin…
