Ransomware Extortion Drops to $813.5M in 2024, Down from $1.25B in 2023

Ransomware attacks netted cybercrime groups a total of $813.5 million in 2024, a decline from $1.25 billion in 2023. The total amount extorted during the first half of 2024 stood at $459.8 million, blockchain intelligence firm Chainalysis said, adding payment activity slumped after July 2024 by...

The 2024 Ransomware Landscape: Looking back on another painful year

The ransomware landscape in 2024 continued to evolve at a rapid pace, outgrowing many of the trends we saw in 2023. Threat actors remained relentless and innovative, targeting organizations of all sizes and sectors. In this post, we’ll examine the latest data points, discuss notable groups, and...

Ransomware on ESXi: The Mechanization of Virtualized Attacks

In 2024, ransomware attacks targeting VMware ESXi servers reached alarming levels, with the average ransom demand skyrocketing to $5 million. With approximately 8,000 ESXi hosts exposed directly to the internet according to Shodan, the operational and business impact of these attacks is profound...