Department of Homeland Security investigators have stopped numerous ransomware cyberattacks and confiscated billions in crypto since 2021. US government agencies were the primary targets, accounting for 21% of the thwarted hacks. The Cyber Crimes Center has disrupted 537 attacks and seized $4.3 billion in crypto stolen through extortion payments. By monitoring internet traffic and software vulnerabilities, agents aim to anticipate and prevent attacks. While this proactive approach has identified potential threat groups, building cases against blocked hackers can be challenging. Chainalysis reports a 2% increase in ransomware inflows in 2024, with $1 billion in payments recorded by 2023. Median ransom payments have risen significantly, with the largest payment reaching $75 million. The surge in payments is attributed to scammers demanding larger sums from victims. Overall, the DHS's efforts have been instrumental in combating ransomware threats and protecting potential targets. Read more AI-generated news on: https://app.chaingpt.org/news