Ransomware Payment Decline: Only 28% of Companies Pay Up in Q1 2024

April 22, 2024
Ransomware Payment Decline: Only 28% of Companies Pay Up in Q1 2024
  • Ransomware payment compliance has decreased, with only 28% of businesses acceding to extortion in early 2024.

  • Total ransomware payments still reached a staggering $1.1 billion in 2023, driven by more frequent and costly demands.

  • The average ransom payment decreased to $381,980, but the median payment rose to $250,000, indicating a shift in payment dynamics.

  • FBI interventions, specifically the LockBit disruption, have led to internal conflicts and distrust within ransomware groups.

  • Ransomware affiliates are increasingly going solo due to the instability and unreliability of Ransomware-as-a-Service (RaaS) networks.

  • Akira has emerged as the dominant ransomware threat, conducting over 250 attacks and amassing $42 million in ransom payments.

Summary based on 1 source


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Ransomware payments drop to record low of 28% in Q1 2024

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