Banks in the United States processed almost $1.2 billion in ransomware(opens in new tab) payments last year, a new report has claimed.
The Financial Crimes Enforcement Network (FinCEN) drew on data from the ransomware-related Bank Secrecy Act (BSA) filings throughout 2021, and found such incidents have increased “substantially” year-on-year, with roughly 75% of the reported incidents happening in the second half of the 2021.
