The overall number of attacks increased, according to Chainalysis, but several large hacking groups left the scene.

Anyone working in security will be all too familiar with the increasing dangers of ransomware and its disastrous consequences, but new research from Chainalysis has claimed 2024 actually saw a 35% decrease year-on-year in the number of firms who paid the ransom.

Ransomware payments fell by more than one-third in 2024 as an increasing number of victims refused to negotiate with hackers. In a report published