Crypto Ransomware Tallied at Least $602M But Actual Figures Could Be Higher: Chainalysis

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Crypto Ransomware Tallied at Least $602M But Actual Figures Could Be Higher: Chainalysis
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2020 was touted as the “Year of Ransomware.' Little changed in 2021 as such attacks continued to target critical infrastructure, extorting bigger sums of crypto.

2020 was touted as the “Year of Ransomware.” Little changed in 2021 as such attacks continued to target critical infrastructure, extorting bigger sums of crypto.

Operators of such attacks typically lock the data of an organization or platform with encryption and request a ransom demand. Over the past few years, they have not only intensified in terms of number but also severity.

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