Ransomware payments doubled in 2023, surpassing $1 billion, according to Chainalysis. The actual ransom payments increased, not including other damages suffered by companies. The number of threat actors involved in ransomware attacks also increased, with a focus on big game hunting and high-value organizations. Chainalysis found a correlation between inflows to IAB wallets and an upsurge in ransomware payments. Centralized cryptocurrency exchanges and mixers are preferred methods for laundering ransomware payments, but new services are also emerging. #RansomwarePayments #Cybersecurity

https://www.securityweek.com/ransomware-payments-surpassed-1-billion-in-2023-analysis/