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Chainalysis expects crypto payments in ransomware attacks in 2021 to rise higher than the $600M currently tracked

The average ransomware payment size continued to increase since 2018 and reached a record high of $118,000 in 2021, a 26 percent increase from the average payment size of $88,000 in 2020.

Photo by Pete Linforth of Pixabay

Mon, 14 Feb 2022, 07:43 am UTC

2021 was a banner year for the crypto market with major coins such as Bitcoin (BTC) and Ether (ETH) setting new all-time highs during the period. With their increasing value and popularity, cybercriminals are likewise demanding digital currencies as payments in ransomware attacks.

In a recent report, blockchain analysis firm Chainalysis updated its data on crypto-related ransomware attacks for 2020 and 2021. The company previously tracked roughly $350 million worth of payments from victims to ransomware operators in 2020 but the figure almost doubled after the firm identified more ransomware addresses that received crypto payments since then.

“Sure enough, we updated our ransomware numbers a few times throughout 2021, reflecting new payments we hadn’t identified previously,” Chainalysis said in a report published on February 10. “As of January 2022, we’ve now identified just over $692 million in 2020 ransomware payments — nearly double the amount we initially identified at the time of writing last year’s report.”

The firm also revealed that over $602 million worth of crypto ransomware payments in 2021 has already been identified. However, the figure is expected to climb even higher than 2020’s $692 million as more transactions are bound to be uncovered with time.

“However, just like last year, we know that this too is an underestimate, and that the true total for 2021 is likely to be much higher,” Chainalysis added. “In fact, despite these numbers, anecdotal evidence, plus the fact that ransomware revenue in the first half of 2021 exceeded that of the first half of 2020, suggests to us that 2021 will eventually be revealed to have been an even bigger year for ransomware. “

Meanwhile, the average ransomware payment size continued to increase since 2018 and reached a record high of $118,000 in 2021. This is a 26 percent increase from the average payment size of $88,000 in 2020.

“One reason for the increase in ransom sizes is ransomware attackers’ focus on carrying out highly-targeted attacks against large organizations,” the firm explained. “This ‘big game hunting’ strategy is enabled in part by ransomware attackers’ usage of tools provided by third-party providers to make their attacks more effective.”

There were at least 140 ransomware strains that received crypto payments in 2021, up from 2020’s 119 strains and 2019’s 79 strains. The most active strain is Conti, which received nearly $200 million in crypto from its victims last year, according to Cointelegraph.

At the second spot is Darkside, which is known for its attack on the Colonial Pipeline and its demand to be paid in Bitcoin (BTC). The group collected nearly $100 million from its victims last year.

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A warm greetings to you all reading this my name is Steven Joe; Competence is one thing we don’t need to undermine. TROVIAN CREDIT REPAIR has proved to be competent, reliable and trustworthy. They used their wealth of experience in fixing my bad Credit Report, deleting all negative items including FBI reports and medical bills and bankruptcy from my credit report. They gave me an excellent score of 803 I have no worries anymore I got my life back. Thanks to TROVIANS. I’m sure you won’t have any regret employing the services of TROVIAN. You can always reach them on [email protected] Phone +1 424 307 4562. Have a Great Weekend.
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  • ChristianJacqueline
  • 2022.02.17 13:44:07
Hello everyone,

I will tell you a secret of getting rich on bitcoin investment “a wise person should have money in their head , but not in the heart.. Everyday is a day of new decisions. Its your choice to be rich or to be poor & keep struggling, start making larger funds in 7 days with a legit & pro trader like us, Investment plans are open now with a minimum investment of $200 you can earn $2,000 in 7 days, Contact us on whatsapp +14234516435 or email: [email protected]


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Do not miss this clear opportunity to achieve your financial freedom, those who are not ready to invest now are not ready to retire early, do not depend on a single source of income, let us trade for you today and start making profit for you. Contact us on whatsapp +14234516435 or email: [email protected]
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  • ChristianJacqueline
  • 2022.02.17 13:43:58
Hello everyone,

I will tell you a secret of getting rich on bitcoin investment “a wise person should have money in their head , but not in the heart.. Everyday is a day of new decisions. Its your choice to be rich or to be poor & keep struggling, start making larger funds in 7 days with a legit & pro trader like us, Investment plans are open now with a minimum investment of $200 you can earn $2,000 in 7 days, Contact us on whatsapp +14234516435 or email: [email protected]


Invest $200 earn $2,000
Invest $500 earn $5,000
Invest $700 earn $7,000
Invest $1,000 earn $10,000
Invest $2,000 earn $20,000
Invest $5,000 earn $50,000
Invest $7,000 earn $70,000
Invest $10,000 earn $100,000


Do not miss this clear opportunity to achieve your financial freedom, those who are not ready to invest now are not ready to retire early, do not depend on a single source of income, let us trade for you today and start making profit for you. Contact us on whatsapp +14234516435 or email: [email protected]
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  • Mikeytat
  • 2022.02.17 08:10:43
Hello people, have you heard of this Professional Hacker? I was down with a bad credit profile and I was trying to fix it but to no avail, until I meet [email protected] protonmail. com; he helped me to fix and increase my credit score. Rock Base is a wonderful hacker you can ever work with. He does the following:
-- Blockchain wallet/fund recovery
- College Score Upgrade
- Chex system, DUI and DMV fix
-Remove Criminal Records
-Recovery of your lost voicemail
-Hack bank accounts
-increase your credit score
-increase your credit card limit
-wipe your credit card debt
-Mastercard, PayPal, Bitcoin, WU, Money Gram with untraceable
-Top up your Bitcoin
-Facebook, Twitter, Instagram, Snapchat and tiktok hack
- mobile spy
Hit him up right away and thank me later.
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  • cecillia
  • 2022.02.16 16:33:57
BEST AND URGENT LOVE SPELL TO GET BACK WITH YOUR EX HUSBAND/WIFE THROUGH A POWERFUL LOVE SPELL CASTER CALLED LORD ZULU CONTACT HIM NOW FOR YOUR TESTIMONIES. CONTACT HIM ON WHATSAPP NOW @+1(909) 781-4612.

Hello everyone, my name is Cecilia Hills, I'm here to testify of a powerful love spell caster called lord Zulu, who helped me stabilize my relationship and solved all the problems that's been going on in my life. I was confused and devastated when my husband left me and my kids without a word, I needed him back because I love him so much, I told my friend about how he left me. So a friend of mine introduced me to this powerful and reliable spell caster who had helped her in getting her lover back, so I contacted him and he promised that in less than 72 hours he will come back to me. After I did all he asked, to my greatest surprise my husband who had refused to speak with me came to my house and asked for forgiveness for all he had made me go through and now we are living happily together, I will forever be grateful to you Lord Zulu if you have any relationship problem I will advise you to contact him now for your testimonies. Contact him on WhatsApp @+1(909) 781-4612. OR
Email @ [email protected] website: allsupremepowersolutionhom.website2.me
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  • ALOI
  • 2022.02.15 19:23:33
My Name is ALOI BRINER, I am a trained and a certified Ethical/Malicious Hacker, living and working in Russia. As a professional in my field, I have decided to use my knowledge positively, as I work presently with "UNIVERSAL HACK TECHNOLOGY" where we help large organisations keep their sensitive data safe and sound. We have worked with and still work for some organizations like Binance, PlayStation, Linux, Block chain, HackerOne to mention a few. We also deliver professional service to victims who lost to a Binary options scam, Investment Fraud, Cryptocurrency Scam.

Through this discussion, I also want to make something clear to you about ethical hacking that is vitally important to all of us and also give you an idea of the difference between ethical hacking and malicious hacking. Point is, there’s no need to run for your dear life if your next-door neighbour turns out to be a certified hacker, your smartphone is safe probably because of that same guy!
Ethical hacking is going through a boom worldwide. And that’s only because the menace of malicious hacking is on the rise in a world going digital at breakneck speed. As attacks rise and become more sophisticated, it becomes necessary for stakeholders with sensitive data to take shelter behind ethical hackers.
Internet security basically wards off dangerous cyber attacks targeted at browsers, networks, operating systems, and other applications we rely on daily. Malicious hacking is about exploiting loopholes and sneaking in. Internet security is a preventive measure that snuffs out the possibility and scope of a malicious hacking attempt.

For Internet safety, Recovery requests, and Other Cyber related services contact:

"HACKERBRIAN49"

HACKERBRIAN49 @gmail.com

All Right Reserved!
2021©
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  • 0
  • ALOI
  • 2022.02.15 19:23:26
My Name is ALOI BRINER, I am a trained and a certified Ethical/Malicious Hacker, living and working in Russia. As a professional in my field, I have decided to use my knowledge positively, as I work presently with "UNIVERSAL HACK TECHNOLOGY" where we help large organisations keep their sensitive data safe and sound. We have worked with and still work for some organizations like Binance, PlayStation, Linux, Block chain, HackerOne to mention a few. We also deliver professional service to victims who lost to a Binary options scam, Investment Fraud, Cryptocurrency Scam.

Through this discussion, I also want to make something clear to you about ethical hacking that is vitally important to all of us and also give you an idea of the difference between ethical hacking and malicious hacking. Point is, there’s no need to run for your dear life if your next-door neighbour turns out to be a certified hacker, your smartphone is safe probably because of that same guy!
Ethical hacking is going through a boom worldwide. And that’s only because the menace of malicious hacking is on the rise in a world going digital at breakneck speed. As attacks rise and become more sophisticated, it becomes necessary for stakeholders with sensitive data to take shelter behind ethical hackers.
Internet security basically wards off dangerous cyber attacks targeted at browsers, networks, operating systems, and other applications we rely on daily. Malicious hacking is about exploiting loopholes and sneaking in. Internet security is a preventive measure that snuffs out the possibility and scope of a malicious hacking attempt.

For Internet safety, Recovery requests, and Other Cyber related services contact:

"HACKERBRIAN49"

HACKERBRIAN49 @gmail.com

All Right Reserved!
2021©
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  • 0
  • laurencarrera78
  • 2022.02.15 12:53:39
Hey guys, have been browsing this forum for the past six months and have learned a lot of valuable information regarding credit. Did some crazy stuff in my late 20s/early 30s but I learned my lesson! Ordinarily, I would have kept it to myself but that will be bad of me the reason I have chosen to let the world know about XAPCreditSolution atGmail dotcom. After I read about them on Reddit and decided to let XAP fix my credit, Fico 8 and Mortgage scores which were (Fico 8 - EQ 635 TU 617 EX 638 and Fico 5 4 2 - EQ 588 TU 588 EX 614) have being raised and collections, charge off, student loans and Credit cards debts have been removed.

Current Scores

Fico 8 - EQ 815 TU 810 EX 838

Fico 5 4 2 - EQ 788 TU 788 EX 814
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