US Banks Spent $1.2B On Ransomware Payouts In 2021

By Ben Kochman (November 1, 2022, 8:17 PM EDT) — U.S. financial institutions spent nearly $1.2 billion on ransomware payouts in 2021, mostly to cybercriminal groups based in Russia, in a sum that more than doubled from the prior year, U.S. Department of the Treasury officials said Tuesday….

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