Tag: U.S. Treasury
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The Extortion Deficit: Ransomware Payments Plunge by 33% as Victims Refuse to Pay
The U.S. Treasury is cautiously suggesting that the ransomware market may be beginning to cool. In a new report released Thursday by the Financial Crimes Enforcement Network (FinCEN), officials note that after the record surge of 2023, both attacks—and especially ransom payments—declined in 2024, even as the number of victimized organizations remained largely unchanged. The…