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Bank Info Security 1 year, 5 months ago

Still-Lucrative Ransomware's Profits Plunged 35% Last Year

Collapse of LockBit and BlackCat/ALPHV Tied to Ongoing Decline in Big-Game HuntingRansomware may still be raking in massive cryptocurrency profits for practitioners, but 2024 turned out to be less of a banner year than predicted, with blockchain researchers reporting that the sum total of known ransom payments to ransomware groups in 2024 plummeted by 35%.

More from Bank Info Security 7 Feb 2025, 9:00 a.m. BlackCat Cryptocurrency LockBit Ransom Ransomware Research

INC Ransom emerges as a growing threat as some ex-LockBit/ALPHV affiliates get new gigs Leicester City Council is finally admitting its "cyber incident" was carried out by a ransomware gang and that data was stolen, hours after the criminals forced its hand.…

More from The Register 4 Apr 2024, 11:49 p.m. BlackCat Council Incident LockBit Ransom Ransomware Theft United Kingdom