Finally, Ransomware Victims Are Refusing To Pay Up
The Register, January 19th, 2023
The amount of money paid to ransomware attackers dropped significantly in 2022, and not because the number of attacks fell.
It's that more victims are refusing to pay the ransoms, blockchain research firm Chainalysis said in a report Thursday.
They estimate that since 2019, victim payment rates have fallen from 76 percent to just 41 percent. For context, that number was 50 percent in 2021 by their figures.
Chainalysis data indicates that total ransomware revenue fell to at least $456.8 million last year, a 40.3 percent drop from the $765.6 million in 2021, and "the evidence suggests that this is due to victims' increasing unwillingness to pay ransomware attackers.".