Ransomware payments hit record low: only 23% Pay in Q3 2025

Only 23% of ransomware victims paid in Q3 2025, the lowest ever, continuing a six-year decline in payment rates, Coveware reports. Cybersecurity firm Coveware reports that only 23% of ransomware victims paid attackers in Q3 2025, the lowest rate ever recorded. The researchers note this continues a six-year decline in payment rates. After 28% of […]

October 28, 2025
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Canada Fines Cybercrime Friendly Cryptomus $176M

Financial regulators in Canada this week levied $176 million in fines against Cryptomus, a digital payments platform that supports dozens of Russian cryptocurrency exchanges and websites hawking cybercrime services. The penalties for violating Canada’s anti money-laundering laws come ten months after KrebsOnSecurity noted that Cryptomus’s Vancouver street address was home to dozens of foreign currency dealers, money transfer businesses, and cryptocurrency exchanges — none of which were physically located there.

October 22, 2025
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