The Drop in Ransomware Attacks in 2024 and What It Means
Ransomware attacks decreased by 22% in Q1 2024 after a 55.5% surge in 2023. Key factors for this drop include enhanced law enforcement actions against major groups like LockBit and ALPHV, leading to significant arrests and infrastructure takedowns. Additionally, a historic low in ransom payments and emerging new groups suggest changes in the landscape of cybercrime, with new entrants struggling to fill the void left by established ransomware operations.