Cybersecurity
Fewer Companies Are Paying Ransoms to Hackers, Researchers Say
- Insurance policies and sanctions deterrents to pay ransom
- Ransomware hackers ‘just repainting their get-away cars’
This article is for subscribers only.
Fewer companies that are infected with ransomware are coughing up extortion payments demanded by hackers, according to new research from Chainalysis Inc.
In findings published on Thursday, the blockchain forensics firm estimated that ransom payments — which are almost always paid in cryptocurrency — fell to $456.8 million in 2022 from $765.6 million in 2021, a 40% drop.