
Ransomware Attacks Decline in 2024, But Threat Remains High with $734M in Ransom
According to a recently released report by the Financial Crimes Enforcement Network (FinCEN) , global ransomware activity peaked in 2023, only to plummet in 2024. This decline is attributed to successive attacks on large-scale ransomware groups, including ALPHV (BlackCat) and LockBit, through collaborative international investigations. FinCEN analyzed thousands of reports under the Bank Secrecy Act (BSA) filed by financial institutions between January 2022 and December 2024, identifying 4,194 cases of ransomware and over $2.1 billion in ransoms. This figure is nearly equal to the total reported in the eight-year period from 2013 to 2021. $4.5 billion: The ransomware economy between 2013 and


