<ul><li>Ransomware payments decreased by 35% in 2024 as victims chose not to pay for data decryption.</li><li>Only 60% to 70% of ransomware victims opted to pay, while the rest recovered data from backups or sought help from law enforcement for free decryption keys.</li><li>Uncertainty around receiving stolen data or deletion by hackers has led to reluctance in paying ransoms.</li><li>Law enforcement agencies advising against paying ransoms and the struggles of ransomware operators to liquidate cryptocurrencies contribute to the decrease in ransom payments.</li></ul>

Good news as ransomware pay fell by 35 percent in 2024

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