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On The Editor's Desk

Breaking the bank

December 9, 2025Cory Harris, Editor

Ransomware isn’t slowing down. In fact, it’s accelerating. According to a new Financial Trend Analysis from the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN), ransomware payments reported under the Bank Secrecy Act (BSA) totaled more than $2.1 billion between 2022 and 2024, with 2023 marking a record-breaking year at $1.1 billion. The report highlights the growing sophistication of ransomware actors, the industries most at risk, and the urgent...

Andrea Gacki, Bank Secrecy Act (BSA), Financial Crimes Enforcement Network (FinCEN), Financial Trend Analysis, Ransomware, The Onion Router (TOR), U.S. Department of the Treasury

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