(416) 574-5543

Blog Details

  • Home
  • News
  • News
  • Ransomware payments soared to a record $1.1 billion in 2023

Ransomware payments soared to a record $1.1 billion in 2023

Picture this: a digital underworld where cybercriminals don their virtual masks, plotting and scheming in the shadows. Their weapon of choice? Ransomware—the modern-day highway robbery that’s making headlines and emptying wallets.

Breaking Records, Breaking Banks In 2023, the ransomware coffers overflowed, surpassing a staggering $1.1 billion. Yes, you read that right—billion! It’s like the cyber equivalent of Scrooge McDuck’s money vault, but with more zeroes.



Let’s rewind a bit. Back in 2021, the ransomware world flexed its muscles, raking in $983 million. Not too shabby, right? But 2023 scoffed at those numbers, smashing the previous record like a digital wrecking ball. The year 2022? Well, it was the odd one out—a statistical hiccup, if you will. Geopolitical drama and law enforcement takedowns played their part, but 2023? Oh, it danced to a different tune.

The Culprits and Their Playbooks Who’s behind this digital gold rush? Meet the usual suspects:

  1. ALPHV/Blackcat: These folks are like the Robin Hoods of ransomware—high frequency, hefty payments, and a dash of flair.
  2. Clop and Dark Angels: Picture them as the high-rolling gamblers. Fewer attacks, but when they strike, ka-ching! Jackpot.
  3. Lockbit: The moderate player with a secret weapon—total ransom inflow that could buy a small island.
  4. Phobos: The sprinter. Blink, and they’ve already pocketed another ransom. Their median payment size? Not so impressive, but their hustle? Olympic-level.

And then there’s Clop—the big game hunter. They’re the James Bond of ransomware, executing precision strikes. Fewer attacks, but each one packs a wallop. Imagine them sipping martinis (shaken, not stirred) while counting their ill-gotten gains.

The Takeaway Ransomware isn’t just lines of code; it’s a high-stakes drama. Institutions tremble, infrastructure quivers, and wallets weep. So, next time you hear about a cyber heist, remember: behind those ones and zeros, there’s a digital Moriarty, laughing all the way to the encrypted bank.

Stay vigilant, my friends. And keep your passwords strong—because in this game, the stakes are higher than Everest (and yes, even higher than a banana stack). 🕵️‍♂️💻💰

Select the fields to be shown. Others will be hidden. Drag and drop to rearrange the order.
  • Image
  • SKU
  • Rating
  • Price
  • Stock
  • Availability
  • Add to cart
  • Description
  • Content
  • Weight
  • Dimensions
  • Additional information
Click outside to hide the comparison bar