Cyber-Crime gangs’ earning slide as victims refuse to pay

Cyber Crime gans have a 40% drop in earnings as victims are refusing to pay ramson, researchers say. Cryptocurrency experts at Chainalysis say ransomware groups extorted at least $45m from victims. The true figure is likely to be higher, but experts agree that fewer victims are paying.

However, while has been a drop in criminal revenue, the number of attacks is rising.

Companies, governments, schools, and even hospitals around the world are regularly falling victim to ransomware hackers who look staff out of their IT systems until a ransom is paid, usually in Bitcoin. the hackers often threaten to publish or sell data too.