Ransomware may have extorted over $2.1 billion between 2022-2024, but it’s not all bad news, claims FinCEN report

A new report from the United States's Financial Crimes Enforcement Network (FinCEN) has shone a revealing light on the state of the criminal industry of ransomware. The report, which examines ransomware incidents from 2022 to 2024, reveals that attackers extorted more than $2.1 billion over the three-year period. Yes, that number is enormous - but it hides a more interesting story beneath it: that after peaking in 2023, ransomware payments actually started to decline. Read more in my article on the Fortra blog.