In their analysis, Chainalysis detected a 2% increase in ransomware payments, totaling $459.8 million. The largest payment was $75 million to a group known as the Dark Angels. Despite a decrease in overall illicit blockchain activity, ransomware and stolen fund inflows surged. Stolen fund inflows nearly doubled to $1.58 billion. The median ransomware payment rose from $198,939 to $1.5 million. High-profile ransomware strains cause concern, with escalated maximum and median payment amounts. These trends reflect the targeting of larger businesses and critical infrastructure by ransomware gangs. Meanwhile, less frequent payment of ransoms by the victims is an encouraging sign, suggesting law enforcement efforts in disrupting cybercrime supply chains are effective.
Source: https://securityaffairs.com/167305/malware/ransomware-payments-rose.html
TPRM report: https://scoringcyber.rankiteo.com/company/chainalysis
"id": "cha000082124",
"linkid": "chainalysis",
"type": "Ransomware",
"date": "8/2024",
"severity": "100",
"impact": "4",
"explanation": "Attack with significant impact with customers data leaks"
{'affected_entities': [{'type': ['Larger businesses',
'Critical infrastructure']}],
'description': 'Chainalysis detected a 2% increase in ransomware payments, '
'totaling $459.8 million. The largest payment was $75 million '
'to a group known as the Dark Angels. Despite a decrease in '
'overall illicit blockchain activity, ransomware and stolen '
'fund inflows surged. Stolen fund inflows nearly doubled to '
'$1.58 billion. The median ransomware payment rose from '
'$198,939 to $1.5 million. High-profile ransomware strains '
'cause concern, with escalated maximum and median payment '
'amounts. These trends reflect the targeting of larger '
'businesses and critical infrastructure by ransomware gangs. '
'Meanwhile, less frequent payment of ransoms by the victims is '
'an encouraging sign, suggesting law enforcement efforts in '
'disrupting cybercrime supply chains are effective.',
'impact': {'financial_loss': ['$459.8 million in ransomware payments',
'$1.58 billion in stolen fund inflows']},
'initial_access_broker': {'high_value_targets': ['Larger businesses and '
'critical infrastructure']},
'motivation': 'Financial Gain',
'ransomware': {'ransom_paid': ['$459.8 million'],
'ransomware_strain': ['High-profile ransomware strains']},
'response': {'law_enforcement_notified': 'Law enforcement efforts in '
'disrupting cybercrime supply chains '
'are effective.'},
'threat_actor': ['Dark Angels'],
'title': 'Ransomware Payment Increase Detected by Chainalysis',
'type': 'Ransomware'}