Home Security Ransomware payments hit a record high in 2023 – Week in security with Tony Anscombe

Ransomware payments hit a record high in 2023 – Week in security with Tony Anscombe

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Ransomware payments hit a record high in 2023 – Week in security with Tony Anscombe

Video, Ransomware

Referred to as a “watershed yr for ransomware”, 2023 marked a reversal from the decline in ransomware funds noticed within the earlier yr

Ransomware funds reached a record-breaking $1.1 billion in 2023, in accordance with an analysis by Chainalysis, a blockchain analysis agency. Calling 2023 a “watershed yr for ransomware”, Chainalysis additionally stated that final yr marked a reversal from the decline noticed in 2022, when the funds have been “solely” half the quantity final yr. The underlying development – that ransomware actors have been extra lively final yr than the yr earlier than – was additionally noticed by ESET consultants within the H2 2023 version of ESET’s Risk Report.

What else is there to learn about this development, what are its wider implications, and will cyber-insurance partially clarify these developments? Discover out within the video.

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