“In 2022, 41% of his clients paid ransoms compared with 70% in 2020, he says.”
Chainalysis tracked at least $457m in ransomware payments in 2022, down $311m from the year before. Coveware’s clients went from 70% paying in 2020 to 41%. Better backups did part of the work, and US sanctions made paying Russia-linked crews a legal risk. Attacks are still rising, so the gangs now work harder for less while hospitals still get hit.