{"id":92003,"date":"2025-02-10T11:26:57","date_gmt":"2025-02-10T11:26:57","guid":{"rendered":"https:\/\/cybersecuritynews.com\/?p=92003"},"modified":"2025-02-10T11:27:36","modified_gmt":"2025-02-10T11:27:36","slug":"ransomware-payments-dropped-by-35","status":"publish","type":"post","link":"https:\/\/cybersecuritynews.com\/ransomware-payments-dropped-by-35\/","title":{"rendered":"Ransomware Payments Dropped By 35%, As Victims Refusing To Pay"},"content":{"rendered":"\n<p>In a significant shift in the ransomware landscape, payments to attackers have decreased by approximately 35% year-over-year.<\/p>\n\n\n\n<p>This decline is attributed to increased law enforcement actions, improved international collaboration, and a growing trend among victims to refuse <a href=\"https:\/\/cybersecuritynews.com\/goodwill-ransomware\/\" target=\"_blank\" rel=\"noreferrer noopener\">ransom demands<\/a>.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/blogger.googleusercontent.com\/img\/b\/R29vZ2xl\/AVvXsEiw99PgxcsAEmiWJC8LY5_zvAnL2ipIGSaPKRDb74TGLVTuabEmWXIFT2peY4_PVoZ5qMoREP3nm7y-OhmZpNMGr5sTOzCDI4XdCllp9QGzQssewCe8j0NU6nSDAFkY_5I9OiXfcq2mKHhL5nktMcXNzCQX3yO_1Q8PktCXf973Te_One1ZEu-7UX2wQPo\/s16000\/Ransomware%20Payment%20Totals%20(Source%20-%20Chainalysis).webp\" alt=\"\" \/><figcaption class=\"wp-element-caption\">Ransomware Payment Totals (Source &#8211; Chainalysis)<\/figcaption><\/figure>\n\n\n\n<p>Here below we have mentioned all the key developments in 2024:-<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Ransomware Payments:<\/strong> In 2024, ransomware attackers received about $813.55 million in payments, down from $1.25 billion in 2023. This marks the first decline in ransomware revenues since 2022.<\/li>\n<\/ul>\n\n\n\n<pre class=\"wp-block-code\"><code>  Year  | Total Payments\n  ------|----------------\n  2023  | $1.25 billion\n  2024  | $813.55 million<\/code><\/pre>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Law Enforcement Impact:<\/strong> The disruption of major ransomware groups like <a href=\"https:\/\/cybersecuritynews.com\/phorpiex-botnet-distributes-lockbit-ransomware\/\" target=\"_blank\" rel=\"noreferrer noopener\">LockBit<\/a> and the exit scam of ALPHV\/BlackCat have significantly impacted the ecosystem. LockBit saw payments decrease by about 79% in the second half of 2024 following law enforcement actions.<\/li>\n<\/ul>\n\n\n\n<pre class=\"wp-block-code\"><code>  Ransomware Group | H1 2024 Payments | H2 2024 Payments\n  -----------------|------------------|------------------\n  LockBit          | High            | Decreased by 79%<\/code><\/pre>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Victim Resilience:<\/strong> More victims are opting not to pay ransoms. According to incident response firms, only about 30% of negotiations lead to payments. Improved cyber hygiene and the ability to restore from backups have empowered victims to resist demands.<\/li>\n<\/ul>\n\n\n\n<pre class=\"wp-block-code\"><code>  Negotiation Outcome\n  -------------------\n  Payments Made: ~30%<\/code><\/pre>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Shifts in Ransomware Tactics<\/strong><\/h2>\n\n\n\n<p>As major groups face disruptions, new strains have emerged, often from rebranded or leaked code.<\/p>\n\n\n\n<p>Chainalysis researchers noted that the ransomware operations have become faster, with negotiations starting within hours of data exfiltration.<\/p>\n\n\n\n<p>The rise of lone actors and smaller groups focusing on smaller targets has become more prevalent.<\/p>\n\n\n\n<p>Despite an increase in data leak site postings, which often serve as a proxy for ransomware events, actual payments have declined.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img decoding=\"async\" src=\"https:\/\/blogger.googleusercontent.com\/img\/b\/R29vZ2xl\/AVvXsEjcrIC5Z76HZ0PxDvLiYNfHTwfaFzEMEerD6EIWTb-57dcaZcNxDBueACv34CKVVxr1NBLMwtGnnbFwMwP2kLt_6dHQisoR7aAVYXJ87quIqM6oZW4rDT9vZjoRKgQhLdVXfYPBUddmCtW2Eq9cPrWoPMUyHBInNy4m0A_jJpzGBJS5dpRj3YtWKmEFqD4\/s16000\/Ransomware%20payments%20vs%20data%20leak%20site%20victims%20(Source%20-%20Chainalysis).webp\" alt=\"\" \/><figcaption class=\"wp-element-caption\">Ransomware payments vs data leak site victims (Source &#8211; Chainalysis)<\/figcaption><\/figure><\/div>\n\n\n<p>This inconsistency suggests that attackers may be overstating or fabricating victim claims to maintain relevance.<\/p>\n\n\n\n<p>Ransom funds are primarily laundered through centralized exchanges (CEXs), personal wallets, and cross-chain bridges. There has been a notable decline in the use of mixers, likely due to sanctions and law enforcement actions.<\/p>\n\n\n\n<p>The decrease in ransomware payments reflects a more resilient victim base and effective law enforcement <a href=\"https:\/\/cybersecuritynews.com\/next-level-protection-strategies-for-modern-businesses\/\" target=\"_blank\" rel=\"noreferrer noopener\">strategies<\/a>.<\/p>\n\n\n\n<p>As the landscape continues to progress rapidly, so, understanding these trends is crucial for mitigating future threats.<\/p>\n\n\n\n<p class=\"has-text-align-center has-background\" style=\"background:linear-gradient(180deg,rgb(238,238,238) 91%,rgb(169,184,195) 100%)\"><strong><code>Are you from SOC\/DFIR Team? - Join 500,000+ Researchers to Analyze Cyber Threats with ANY.RUN Sandbox -\u00a0<a href=\"https:\/\/any.run\/demo\/?utm_source=li_csn&amp;utm_medium=post&amp;utm_campaign=meme&amp;utm_content=demo&amp;utm_term=100225\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Try for Free<\/a><\/code><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In a significant shift in the ransomware landscape, payments to attackers have decreased by approximately 35% year-over-year. This decline is attributed to increased law enforcement actions, improved international collaboration, and a growing trend among victims to refuse ransom demands. Here below we have mentioned all the key developments in 2024:- Shifts in Ransomware Tactics As [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":92021,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/blogger.googleusercontent.com\/img\/b\/R29vZ2xl\/AVvXsEhw8iNEUxBSQZmcu-g6uCj9Lqdy0HtSibFnTgz1e9YbdDbYK7OSqhMtz6lei7PIxlm4vYIUf9atmUpJiWcA-09aRvdm3fI7m43KTyetH4KY0RRES71AbzFpz-K2I0kUy1jmN6eYe4pZf_Xa-Bdo8HY6rUF9uBDgCz7KKG7vOZwrDix4cqwAhm5BdsdzTOo\/s16000\/Ransomware%20Payments%20Dropped%20By%2035%20,%20As%20Victims%20Refusing%20To%20Pay.webp","fifu_image_alt":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[11,48],"tags":[149,151,334],"class_list":{"0":"post-92003","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-cyber-security-news","8":"category-threats","9":"tag-cyber-security","10":"tag-cyber-security-news","11":"tag-ransomware"},"yoast_head":"<!-- This site is optimized with the Yoast SEO 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Dutta","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cybersecuritynews.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/f8bc0247220c7d4dea6c8b5a77d910613305ead17b13c2a7920b400435a848dd?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/f8bc0247220c7d4dea6c8b5a77d910613305ead17b13c2a7920b400435a848dd?s=96&d=mm&r=g","caption":"Tushar Subhra Dutta"},"description":"Tushar is a senior cybersecurity and breach reporter. 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With years of experience, he brings clarity and depth to complex security topics.","url":"https:\/\/cybersecuritynews.com\/author\/tushar\/"}]}},"jetpack_featured_media_url":"https:\/\/i1.wp.com\/blogger.googleusercontent.com\/img\/b\/R29vZ2xl\/AVvXsEhw8iNEUxBSQZmcu-g6uCj9Lqdy0HtSibFnTgz1e9YbdDbYK7OSqhMtz6lei7PIxlm4vYIUf9atmUpJiWcA-09aRvdm3fI7m43KTyetH4KY0RRES71AbzFpz-K2I0kUy1jmN6eYe4pZf_Xa-Bdo8HY6rUF9uBDgCz7KKG7vOZwrDix4cqwAhm5BdsdzTOo\/s16000\/Ransomware%20Payments%20Dropped%20By%2035%20,%20As%20Victims%20Refusing%20To%20Pay.webp?w=1600&resize=1600,900&ssl=1","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/cybersecuritynews.com\/wp-json\/wp\/v2\/posts\/92003","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cybersecuritynews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cybersecuritynews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cybersecuritynews.com\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/cybersecuritynews.com\/wp-json\/wp\/v2\/comments?post=92003"}],"version-history":[{"count":1,"href":"https:\/\/cybersecuritynews.com\/wp-json\/wp\/v2\/posts\/92003\/revisions"}],"predecessor-version":[{"id":92020,"href":"https:\/\/cybersecuritynews.com\/wp-json\/wp\/v2\/posts\/92003\/revisions\/92020"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cybersecuritynews.com\/wp-json\/wp\/v2\/media\/92021"}],"wp:attachment":[{"href":"https:\/\/cybersecuritynews.com\/wp-json\/wp\/v2\/media?parent=92003"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cybersecuritynews.com\/wp-json\/wp\/v2\/categories?post=92003"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cybersecuritynews.com\/wp-json\/wp\/v2\/tags?post=92003"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}