Ransomware Payments Decline 35% as Victims Resist Demands

Chainalysis found ransomware extortion payments fell 35% in 2024 to $813.55M, driven by victims increasingly refusing to pay and slower payment activity in H2; law enforcement actions (e.g., LockBit takedown) and group disruptions (BlackCat exit scam) fragmented the ransomware ecosystem, shifting activity toward smaller actors and fewer big‑game attacks.