Ransomware payments down 40% in 2022 – Week in security with Tony Anscombe

Ransomware income plunges to $456 million in 2022 as extra victims refuse to pay up. Right here’s what to make of the development.

Ransomware gangs extorted at the least $456 million from victims in 2022, which represents a drop of 40 p.c from$765 million the yr prior, in accordance with research by Chainalysis. Couple this with a fall of 24 p.c in ransomware detections between Could and August of 2022 as recorded by ESET Threat Report T2 2022.

Now, what to make of those developments? What’s behind the drop in ransomware funds final yr? Is ransomware on the decline? Watch the video to seek out out.

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