Ransomware hackers raked in $1 billion last year from victims

Victims of ransomware paid their attackers more than $1 billion last year, a new report has found, a record high that shows that many cybercriminals are raking in money by extorting people and institutions with near impunity.

The figure comes from a study of 2023 ransomware payments conducted by Chainalysis, a company that tracks cryptocurrency payments around the world.

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