Annual Ransomware Payments Surpass $1 Billion

Chainalysis’ 2023 data indicates [ransomware] payments exceeded $1B, rebounding from 2022 and signaling more frequent, sophisticated, and successful attacks; a chart maps strains by payment size/frequency with Alphv (BlackCat) among the top earners, and the figures reflect payments only—not total damages; the piece urges stronger security controls and [security awareness training] to reduce human risk.