1Q 2024 ransomware payments reach record low of 28% due to companies not paying, legal pressure, and law enforcement actions.
1Q 2024 ransomware payments hit record low of 28%, down from 29% in Q4 2023, due to companies refusing to pay, legal pressure, cybercriminal actions, and law enforcement actions, despite ransomware gangs remaining active with one breaching 250 orgs, earning $42m. Factors contributing to this decrease include advanced protection measures, evolving regulatory environments, and improved cyber resilience.
April 22, 2024
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