Ransomware Resurgence: Extortion Tops $1 Billion in 2023

Ransomware Attacks on the Rise

Ransomware attacks have made a comeback in 2023, with over $1 billion extorted from victims, according to a new report from market intelligence platform Chainalysis. The report found that the number of ransomware attacks increased across the board in 2023, and the trend is expected to continue.

Growing Number of Threat Actors

The report also found that the number of threat actors carrying out ransomware attacks is increasing. In 2023, 538 new ransomware variants emerged, indicating a rise in the number of groups or individuals perpetrating them. This suggests that more people are being attracted to ransomware attacks due to the potential for high profits and lower barriers to entry.

New Laundering Methods

The report also found that ransomware attackers are using new methods to launder their stolen funds. In 2023, attackers began using new services for laundering, including bridges, instant exchangers, and gambling services. This is likely due to the fact that centralized exchanges and mixers have been increasing their defenses against ransomware attacks.

Protecting Yourself from Ransomware

There are a number of things you can do to protect yourself from ransomware attacks, including:

  • Keep your software up to date.
  • Use strong passwords and two-factor authentication.
  • Be careful about clicking on links or opening attachments in emails from unknown senders.
  • Back up your data regularly.
  • Have a plan in place for what to do if you are infected with ransomware.

By following these tips, you can help protect yourself from ransomware attacks and keep your data safe.