Total Ransomware Payments Stagnate for Second Consecutive Year, While Attacks Escalate

Ransomware payments declined 8% to $820 million in 2024 despite a record number of claimed attacks, marking the second consecutive year of payment stagnation. This suggests victims are increasingly refusing to pay ransoms even as cybercriminal activity escalates.

• →Total on-chain ransomware payments fell approximately 8% to $820 million in 2024.
• →Ransomware attacks reached record levels despite lower payment volumes.
• →This marks the second consecutive year of stagnating ransomware payments.
• →The disconnect suggests victims are becoming more resistant to paying ransoms.
• →Cybercriminals continue escalating attack frequency despite reduced financial success.