Ransomware payments declined in 2024 despite massive. well-known hacks

image via Ars Technica

February 6, 2025, 2:21 PM

• •Ransomware payments fell by 35% in 2024, to $814 million.
• •The biggest dropoff in payments between two six-month periods ever recorded was seen in the second half of 2024, when payments fell to $321 million.
• •Law enforcement takedowns and disruptions are likely to blame for the decline.

Ransomware payments fell by hundreds of millions of dollars in 2024, according to a new report from Chainalysis. The drop was likely due to law enforcement takedowns and disruptions, as well as increased global awareness of the threat of ransomware.

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