Ransomware payment rate drops to record low as attacks surge

Chainalysis' 2025 ransomware analysis shows a record-low victim payment rate (28%) even as claimed attacks rose ~50%, with aggregate on-chain payments around $820M (likely approaching $900M) and a 368% jump in median ransom paid ($12.7K to $59.6K). The ecosystem fragmented to ~85 active extortion groups, notable high-impact breaches continued (e.g., Jaguar Land Rover, DaVita), and supporting markets—initial access brokers and infostealer log supply—remain influential, indicating ransomware is adapting rather than disappearing.