Since early 2022, leading security industry experts have made broad
estimations that ‘ransomware is on the decline’, but did they properly
contextualize their data and findings? Given destabilization from the
Russia-Ukraine conflict and tightening U.S. and EU law enforcement
activities, ‘ransomware is on the decline’ proponents underestimate
their adversaries’ motivations, resiliency, and abilities to support
persistent criminal operations.