Ransomware funds reported to the US Treasury’s Monetary Crimes Enforcement Community (FinCEN) surpassed $4.5 billion by the tip of 2024, with the best ranges reached in 2023.
FinCEN’s new Monetary Pattern Evaluation report reveals that greater than $2.1 billion was paid to ransomware teams between 2022 and 2024, with $1.1 billion paid in 2023 alone.
Between 2013 and 2024, FinCEN acquired 10,470 Financial institution Secrecy Act (BSA) stories associated to ransomware incidents. The vast majority of the stories, specifically 7,395, got here in between 2022 and 2023.
Between January 2022 and December 2024, 4,194 ransomware incidents had been reported to FinCEN, with the best variety of assaults reported in 2023, at 1,512.
In 2024, 1,476 ransomware incidents had been reported, and the ransomware funds totaled roughly $734 million.
“The median quantity of a single ransomware transaction was $124,097 in 2022; $175,000 in 2023; and $155,257 in 2024. Between January 2022 and December 2024, the most typical fee vary was under $250,000,” FinCEN’s report (PDF) reads.
In the course of the three-year interval, organizations within the monetary companies, manufacturing, and healthcare sectors had been affected essentially the most by ransomware, adopted by retail and authorized companies.
FinCEN says it recognized 267 ransomware variants within the acquired stories, with Akira, ALPHV/BlackCat, LockBit, Phobos, and Black Basta being essentially the most prevalent households.Commercial. Scroll to proceed studying.
Akira had the best variety of reported incidents, at 376, however ALPHV/BlackCat acquired the best quantity in funds, at roughly $395.3 million.
The report additionally reveals that the Tor community stays the popular technique of communication for menace actors, adopted by e mail, and that almost all ransomware teams desire being paid in Bitcoin.
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