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FinCEN Says Ransomware Attacks Reported by FIs Leapt 108% in 2021

The number of ransomware attacks reported by financial institutions (FIs) and occurring in 2021 was double the number that occurred during the previous year.

The number leapt 108% from 602 in 2020 to 1,251 in 2021, the Financial Crimes Enforcement Network (FinCEN) reported Tuesday (Nov. 1) in its latest Financial Trend Analysis report.

The dollar amounts involved in those ransomware-related incidents rose 68% from $527 million in 2020 to $886 million in 2021, according to the report.


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