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Ransomware Rampage: Criminals Cashing In with Multi-Million Dollar Demands in 2024
Ransomware demands are skyrocketing, with criminal gangs growing more confident in their abilities. Comparitech’s report shows an average extortion demand exceeding $5 million in early 2024. The largest demand? A jaw-dropping $100 million from India’s Regional Cancer Center. LockBit remains the most active, despite recent…
Hot Take:
Looks like ransomware gangs have been hitting the gym—lifting heavier demands and flexing their data-stealing muscles. With average extortion demands now at a whopping $5 million, they might just be the new Bitcoin billionaires. Step aside, Silicon Valley!
Key Points:
- The average ransomware demand in H1 2024 was over $5 million.
- The highest demand was $100 million from India’s Regional Cancer Center (RCC).
- 421 confirmed ransomware attacks in H1 2024, with 35 million data records stolen.
- LockBit remains the most active ransomware group with 48 confirmed attacks.
- Private sector businesses were the prime targets, followed by government and healthcare.
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