Ransomware Payment Decline: Only 28% of Companies Pay Up in Q1 2024
April 22, 2024Ransomware payment compliance has decreased, with only 28% of businesses acceding to extortion in early 2024.
Total ransomware payments still reached a staggering $1.1 billion in 2023, driven by more frequent and costly demands.
The average ransom payment decreased to $381,980, but the median payment rose to $250,000, indicating a shift in payment dynamics.
FBI interventions, specifically the LockBit disruption, have led to internal conflicts and distrust within ransomware groups.
Ransomware affiliates are increasingly going solo due to the instability and unreliability of Ransomware-as-a-Service (RaaS) networks.
Akira has emerged as the dominant ransomware threat, conducting over 250 attacks and amassing $42 million in ransom payments.
Summary based on 1 source
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Source
BleepingComputer • Apr 20, 2024
Ransomware payments drop to record low of 28% in Q1 2024