Displaying items by tag: Ransomware

Ransomware has morphed from a fringe cybersecurity nuisance into one of the most disruptive and costly forms of cybercrime facing individuals, businesses, and governments worldwide. In 2024, ransomware payments exceeded $1.1 billion, according to Chainalysis—a chilling all-time high. But that’s just the beginning. These figures do not include the far more substantial costs of downtime, forensic investigations, legal consultations, reputational damage, and regulatory fines, which often outstrip the ransom itself.