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FinCEN: Ransomware Gangs Extorted $2.1B (2022–2024)

📊 A FinCEN analysis of 4,194 Bank Secrecy Act filings found organizations paid more than $2.1 billion in ransom between January 2022 and December 2024. Ransomware incidents peaked in 2023 before falling in 2024 after law enforcement actions disrupted ALPHV/BlackCat and LockBit. Most ransom payments were under $250,000 and roughly 97% were made in Bitcoin. Manufacturing, financial services, and healthcare were the most targeted industries.