Ransomware is one of the greatest cyberthreats to organizations and continues to escalate. In 2024, thousands of attacks cost businesses nearly a billion dollars, according to Chainalysis researchers (who track ransomware payments by mapping and disentangling cryptocurrency transactions). Though the total paid out decreased in 2024, the number of ransomware payments was the highest volume since 2021 – and individual ransom payments hit record-setting levels.| Netography