![Ransomware Extortion Skyrockets in 2023, Reaching $449.1 Million and Counting Ransomware Extortion Skyrockets in 2023, Reaching $449.1 Million and Counting](https://search.ai.wiki/wp-content/uploads/2023/07/ransomware-extortion-skyrockets-in-2023-reaching-449-1-million-and-counting.jpg)
Ransomware Extortion Skyrockets in 2023, Reaching $449.1 Million and Counting
Ransomware has emerged as the only cryptocurrency-based crime to grow in 2023, with cybercriminals extorting nearly $175.8 million more than they did a year ago, according to findings from Chainalysis.
"Ransomware attackers are on pace for their second-biggest year ever, having extorted at least $449.1 million through June," the blockchain analytics firm said in a midyear crypto crime report