A new report estimates that ransomware payments tallied at least $602 million in 2021, but the actual total could be much higher.
A new report estimates that ransomware payments tallied at least $602 million in 2021 — but the actual total could be much higher.released new data on Feb. 10 about ransomware activity related to cryptocurrency in 2021. However it stated that the total value is likely to end up surpassing the $692 million taken in 2020.
“In fact, despite these numbers, anecdotal evidence, plus the fact that ransomware revenue in the first half of 2021 exceeded that of the first half of 2020, suggests to us that 2021 will eventually be revealed to have been an even bigger year for ransomware.”The average ransomware payment size reached a record high of $118,000 in 2021. This is a 26% increase from the average of $88,000 in 2020.
Last year also had the highest amount of active ransomware strains than any other year on records. At least 140 strains received crypto payments, which is 21 more than in 2020 and 61 more than in 2019. Conti was the most active ransomware strain in 2021. It siphoned off nearly $200 million in value through cryptocurrency in 2021.
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