<ul><li>Ransomware payments fell by more than one-third in 2024 as victims refused to negotiate with hackers.</li><li>Crypto forensics firm Chainalysis reported a 35% drop in ransom payments, with hackers receiving $814 million compared to 2023's $1.25 billion.</li><li>During the second half of 2024, the sums demanded by cyber gangs were 53% higher than the actual payouts, indicating victims' refusal to meet attackers' demands.</li><li>The decline in ransom payments can be attributed to an increase in law enforcement action, disruption of the LockBit ransomware gang, and improved international collaboration.</li></ul>

Ransomware payments dropped in 2024 as victims refused to pay hackers

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