The US Treasury reported that ransomware payments reached over $4.5 billion from 2022 to 2024. The median payment increased from $124,097 in 2022 to $175,000 in 2023, with the financial services, manufacturing, and healthcare sectors being the most targeted. Akira ransomware group led in incidents, while ALPHV/BlackCat received the highest payments.

A FinCEN report reveals ransomware incidents peaked in 2023, with victims paying over $2.1 billion in ransoms from January 2022 to December 2024. Law enforcement actions against major gangs like ALPHV/BlackCat and LockBit contributed to a decline in both incidents and payments in 2024. Manufacturing, financial services, and healthcare were the most targeted sectors.