According to a new report by blockchain analysis firm Chainalysis, the data is clear—many people are refusing to pay ransomware demands.
This article by Max Mason, writing for AFR, makes the following points:
- The findings don’t mean cyberattacks are down, just that targeted organisations are increasingly refusing to pay their attackers.
- Payments to ransomware attackers in 2021 were $US766 million but fell to $US457 million in 2022—a 40 per cent drop.
- The Australian Cyber Security Centre received cybercrime reports equivalent to one every seven minutes in 2021-22.
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