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TechRadar
TechRadar
Sead Fadilpašić

US Treasury offers cautious optimism as ransomware payments decline

ALPHV Akira Lockbit TechRadar
Cyber crime and security vector concept showing a laptop, credit card and open padlock.
  • FinCEN reports ransomware activity dropped in 2024 after ALPHV and LockBit takedowns
  • 2023 was peak year with $1.1B in payments; 2024 saw 1,476 incidents and $734M paid
  • Collapsed gangs (ALPHV, LockBit, Black Basta) earned $790M; Akira remains most active, targeting finance, manufacturing, and healthcare

The takedown of ALPHV and LockBit ransomware gangs made a solid dent in the overall performance of ransomware operations last year.

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