{"id":101044,"date":"2025-02-06T14:21:08","date_gmt":"2025-02-06T14:21:08","guid":{"rendered":"https:\/\/ushopwell.com\/ublog\/ransomware-payments-declined-in-2024-despite-massive-well-known-hacks\/"},"modified":"2025-02-06T14:21:08","modified_gmt":"2025-02-06T14:21:08","slug":"ransomware-payments-declined-in-2024-despite-massive-well-known-hacks","status":"publish","type":"post","link":"https:\/\/ushopwell.com\/ublog\/ransomware-payments-declined-in-2024-despite-massive-well-known-hacks\/","title":{"rendered":"Ransomware payments declined in 2024 despite massive. well-known hacks"},"content":{"rendered":"<div>\n<p>For much of the past year, the trail of destruction and mayhem left behind by <a href=\"https:\/\/www.wired.com\/tag\/ransomware\/\">ransomware<\/a> hackers was on full display. Digital extortion gangs <a href=\"https:\/\/www.wired.com\/story\/change-healthcare-22-million-payment-ransomware-spike\/\">paralyzed hundreds of US pharmacies and clinics<\/a> through their attack on Change Healthcare, exploited security vulnerabilities in the <a href=\"https:\/\/www.wired.com\/story\/snowflake-breach-advanced-auto-parts-lendingtree\/\">customer accounts of cloud provider Snowflake<\/a> to breach a string of high-profile targets, and extracted a record $75 million from a single victim.<\/p>\n<p>Yet beneath those headlines, the numbers tell a surprising story: Ransomware payments actually fell overall in 2024\u2014and in the second half of the year dropped more precipitously than in any six-month period on record.<\/p>\n<p>Cryptocurrency tracing firm Chainalysis today released a portion of its annual crime report focused on tracking the ransomware industry, which found that ransomware victims\u2019 extortion payments totaled $814 million in 2024, a drop of 35 percent compared to the record $1.25 billion that hackers extracted from ransomware victims the previous year. Breaking down the payments over the course of 2024 shows an even more positive trend: Hackers collected just $321 million from July through December compared to $492 million the previous half year, the biggest falloff in payments between two six-month periods that Chainalysis has ever seen.<\/p>\n<p><a href=\"https:\/\/arstechnica.com\/security\/2025\/02\/ransomware-payments-declined-in-2024-despite-well-known-massive-hacks\/\">Read full article<\/a><\/p>\n<p><a href=\"https:\/\/arstechnica.com\/security\/2025\/02\/ransomware-payments-declined-in-2024-despite-well-known-massive-hacks\/#comments\">Comments<\/a><\/p>\n<\/div>\n<p class=\"wpematico_credit\"><small>Powered by <a href=\"http:\/\/www.wpematico.com\" target=\"_blank\">WPeMatico<\/a><\/small><\/p>\n","protected":false},"excerpt":{"rendered":"<p>For much of the past year, the trail of destruction and mayhem left behind by ransomware hackers was on full display. Digital extortion gangs paralyzed hundreds of US pharmacies and clinics through their attack on Change Healthcare, exploited security vulnerabilities in the customer accounts of cloud provider Snowflake to breach a string of high-profile targets, and extracted a record $75 million from a single victim. Yet beneath those headlines, the&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[241],"tags":[],"class_list":["post-101044","post","type-post","status-publish","format-standard","hentry","category-technology"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Ransomware payments declined in 2024 despite massive. well-known hacks - UshopWell.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ushopwell.com\/ublog\/ransomware-payments-declined-in-2024-despite-massive-well-known-hacks\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ransomware payments declined in 2024 despite massive. well-known hacks - UshopWell.com\" \/>\n<meta property=\"og:description\" content=\"For much of the past year, the trail of destruction and mayhem left behind by ransomware hackers was on full display. Digital extortion gangs paralyzed hundreds of US pharmacies and clinics through their attack on Change Healthcare, exploited security vulnerabilities in the customer accounts of cloud provider Snowflake to breach a string of high-profile targets, and extracted a record $75 million from a single victim. Yet beneath those headlines, the...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ushopwell.com\/ublog\/ransomware-payments-declined-in-2024-despite-massive-well-known-hacks\/\" \/>\n<meta property=\"og:site_name\" content=\"UshopWell.com\" \/>\n<meta property=\"article:published_time\" content=\"2025-02-06T14:21:08+00:00\" \/>\n<meta name=\"author\" content=\"UShopWell\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"UShopWell\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/ushopwell.com\\\/ublog\\\/ransomware-payments-declined-in-2024-despite-massive-well-known-hacks\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/ushopwell.com\\\/ublog\\\/ransomware-payments-declined-in-2024-despite-massive-well-known-hacks\\\/\"},\"author\":{\"name\":\"UShopWell\",\"@id\":\"https:\\\/\\\/ushopwell.com\\\/ublog\\\/#\\\/schema\\\/person\\\/6fd1f9e0ff932e534c86c70d5acff0fc\"},\"headline\":\"Ransomware payments declined in 2024 despite massive. well-known hacks\",\"datePublished\":\"2025-02-06T14:21:08+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/ushopwell.com\\\/ublog\\\/ransomware-payments-declined-in-2024-despite-massive-well-known-hacks\\\/\"},\"wordCount\":203,\"publisher\":{\"@id\":\"https:\\\/\\\/ushopwell.com\\\/ublog\\\/#organization\"},\"articleSection\":[\"Technology\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/ushopwell.com\\\/ublog\\\/ransomware-payments-declined-in-2024-despite-massive-well-known-hacks\\\/\",\"url\":\"https:\\\/\\\/ushopwell.com\\\/ublog\\\/ransomware-payments-declined-in-2024-despite-massive-well-known-hacks\\\/\",\"name\":\"Ransomware payments declined in 2024 despite massive. well-known hacks - 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