Security Bite: Ransomware payments hit record $1.1 billion in 2023 despite previous year’s decline

Security bite ransomware payments hit record 11 billion in 2023

It was a landmark year for ransomware in 2023 and a well-publicized one following the MOVEit and MGM Resorts beaches that shook the security industry. Not only did threat actors collectively pocket a record-breaking $1.1 billion from victims, but a new report highlights how the scope and complexity of these attacks are becoming increasingly concerning.

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