Ransomware attacks netted cybercrime groups a total of $813.5 million in 2024, a decline from $1.25 billion in 2023.
According to data compiled by Coveware, the average ransomware payment in Q4 2024 was at $553,959, up from $479,237 in Q3.
The median ransomware payment, in contrast, dropped from $200,000 to $110,890 quarter-over-quarter, a 45% drop.
"With a crucial role in the global economy, Industrials experienced 27% (1424) of all ransomware attacks in 2024, increasing 15% from 2023," NCC Group said.
"Both Akira and Fog have used identical money laundering methods, which are distinct from other ransomware strains, further supporting a connection between them," Chainalysis said.