FinCEN’s latest Financial Trend Analysis highlights the continuing impact of ransomware on the financial system, identifying more than $2.1 billion in reported ransomware payments between 2022 and 2024, with financial services emerging as the most targeted industry by value.
Unlike previous reports that focused on when activities were filed with FinCEN, this analysis looks at the actual incident dates of ransomware attacks, providing deeper visibility into ransomware actors’ operations and timelines.
“Banks and other financial institutions play a key role in protecting our economy from ransomware and other cyber threats,” said FinCEN Director Andrea Gacki. “By quickly reporting suspicious activity under the Bank Secrecy Act, they provide law enforcement with critical information to help detect cybersecurity trends that can damage our economy. This work is vital to safeguarding our nation’s financial sector and strengthening our national security.”
Ransomware by the numbers: Key insights from FinCEN’s Financial Trend Analysis (2022–2024).
