New research points to a positive trend with ransomware gangs' profits dropping 40% in 2022.
Many ransomware crews are thought to be based in Russia, although Russian officials deny the country is a haven for the groups.Analysts at Chainalysis track the money flowing in and out of Bitcoin wallets which are known to be owned by ransomware crews.
"We refuse to pay ransoms if there's even a hint of connection to a sanctioned entity," Mr Seigel said. Companies have become better at protecting their back-ups, reducing their need to pay hackers for recovery, he added. The growth in the number of attacks last year could be connected with enforcement actions, mainly by the US authorities, which caused some of the largest ransomware groups to disband.The raids led to the arrests of two alleged REvil hackers in Romania and one from Ukraine.with more than $6m in cryptocurrency retrieved by US authorities in a so-called "claw back" hacking operation.and recovered $4.1m in stolen funds.
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