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Ransomware is getting less lucrative as victims stop paying

January 20, 2023

Via: TechRadar

The amount of money cybercriminal groups extorted through ransomware(opens in new tab) attacks is down 40% year-on-year, suggesting that businesses are increasingly refusing to pay to get their sensitive data back.

A report from Chainalysis examined cryptocurrency wallets known to be associated with ransomware groups. All blockchain data is pseudonymous and wallet activity can easily be tracked on-chain. Given that cybercriminals have to share their wallets with their victims, tracking these wallets is relatively easy.

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