Crypto Ransom Payments Surged 76.4% To $1.1 Billion In 2023 — Number Of Threat Actors See 'Astronomical' Growth 76.4%, Ransom, Crypto, Payments, Chainalysis, $1.1 Billion, Threat Actors, Recorded Future, Ransomware as a service by https://www.benzinga.com/
AI Insights:
Simple Explanation:
A group of bad people called cybercriminals use a sneaky computer trick called ransomware to steal money from others. They lock other people's computers and demand money to unlock them. In 2023, these bad people made more money than ever before by using cryptocurrency, which is a type of digital money. This happened even though the police and some good hackers tried to stop them. The amount of cryptocurrency they stole from other countries also went down last year. Read from source...
Critical Perspective:
1. The title of the article is misleading and sensationalized. It implies that ransom payments have surged by 76.4% in a single year, when in fact it only refers to the growth from 2022 to 2023. A more accurate title would be "Crypto Ransom Payments Grow By 76.4% Over Two Years".