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Report: Ransomware Victims are Refusing to Pay

Studies from two security firms suggest that ransomware victims are increasingly refusing to pay the attackers’ demands. According to Chainalysis, ransomware payments fell from $766 million in 2021 to $457 in 2022. Coveware reports that 76 percent of ransomware victims paid the ransom demands in 2019, while that figure fell to 41 percent in 2022. More information here https://www.coveware.com/blog/2023/1/19/improved-security-and-backups-result-in-record-low-number-of-ransomware-payments