US banks lost $1.2 billion due to ransomware attacks last year

Banks in the US paid out nearly $1.2 billion in 2021 as a result of ransomware attacks, a marked rise over the year before though it may simply be due to more financial institutions being asked to report incidents.

FinCEN said it received 1,489 ransomware-related filings worth nearly $1.2 billion, a 188 percent increase over the $416 million filed in 2020.


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