August 15, 2024
Chainalysis News - August 16, 2024
Chainalysis reports a significant rise in the value of funds stolen through hacking and ransomware attacks in 2024, with inflows increasing by 84%. Cybercriminals are increasingly targeting larger businesses and critical infrastructure. Tune in for a detailed analysis of these alarming trends.
() Introduction
() Chainalysis Reports Surge in Crypto Hacks and Ransomware Payments in 2024
Chainalysis reported a significant rise in hacking activities and ransomware attacks in the first seven months of 2024, with stolen funds inflows increasing by 84% to $1.58 billion. The number of hacking incidents rose by 2.76%, and the average value compromised per event surged by 79.5%. Ransomware inflows also saw a 2% increase, with the median ransom payment jumping from $200,000 to $1.5 million. Cybercriminals are increasingly targeting larger businesses and critical infrastructure providers, driven by the higher value of bitcoin and the potential for higher ransom payments.
