FinCEN Reports Ransomware Payments Exceeded $2.1B From 2022 to 2024

On December 4, FinCEN released a financial trend analysis showing that reported ransomware payments in BSA data totaled more than $2.1 billion between January 2022 and December 2024. FinCEN received 7,395 BSA reports related to 4,194 ransomware incidents during this period. The report found ransomware incidents and payments peaked in 2023, with 1,512 incidents and $1.1 billion in payments — a 77 percent increase in total payments from the previous year. By comparison, the report noted that, from…
By: Orrick, Herrington & Sutcliffe LLP