Ransomware payments hit record $1.1B: Report ...Middle East

The Hill - Technology
Ransomware payments hit record $1.1B: Report
source : The Hill ( Middle East ) () 43
Ransomware payments skyrocketed in 2023, hitting a record-high $1.1 billion extorted from targets of the schemes, according to a Chainalysis report released Wednesday.  The New York-based firm's report details ransomware actors going after companies such as British Airways, as well as targeting infrastructure that yielded a surge of ransom payments. The 2023 figure is a vast increase from the $567 million extorted in 2022, indicating that ransomware is “an escalating problem,” according to the report.  Cybercriminal groups have targeted schools, hospitals and casinos. The groups have also gone after wealthier companies. They've utilized a “big game hunting” strategy, deploying f

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