Ransomware attacks decline amid crypto bear market

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Ransomware attacks decline amid crypto bear market
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Ransomware attacks declined 23% from January to June, according to U.S. cybersecurity firm SonicWall's 2022 mid-year cyber threat report.

Ransomware actors tend to have some allegiance in the region they operate, according to Chavoya.: "Despite continued denials that the country is harboring cybercriminals, roughly two-thirds of state-sponsored cyberattacks have been traced back to Russia in the past few years," SonicWall's report stated.

"And 74% of all money generated by ransomware last year — nearly $400 million — went to groups “highly likely to be affiliated with Russia.”Ransomware attacks peaked in the second quarter of last year at $188.9 million after two straight years of increases. The top three ransomware families, Ryuk, Cerber and SamSam, accounted for 62% of all ransomware attacks last year, according to SonicWall.Ransomware attacks just this year already eclipsed full-year totals for 2017, 2018 and 2019. So attacks are still at pre-pandemic levels.

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