https://techcrunch.com/2024/02/17/why-ransomware-makes-so-much-money/

For many organizations and startups, 2023 was a rough year financially, with companies struggling to raise money and others making cuts to survive. Ransomware and extortion gangs, on the other hand, had a record-breaking year in earnings, if recent reports are anything to go by.

It’s hardly surprising when you look at the state of the ransomware landscape. Last year saw hackers continue to evolve their tactics to become scrappier and more extreme in efforts to pressure victims into paying their increasingly exorbitant ransom demands. This escalation in tactics, along with the fact that governments have stopped short of banning ransom payments, led to 2023 becoming the most lucrative year yet for ransomware gangs.