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Ransomware payments significantly decreased in 2024, falling 35% to ~$813.55 million, as more victims refused to pay. Despite a higher number of victims being posted on ransomware gang leak sites, fewer organizations yielded to extortion demands. This shift indicates a growing resistance to paying ransoms, potentially driven by improved data recovery strategies and law enforcement efforts.

The report underscores the evolving landscape of ransomware attacks, with a focus on victim empowerment through refusal to pay. It also suggests that while the number of attacks may remain high, the financial success of ransomware operations is diminishing, signaling a potential change in attacker tactics.