Why are ransomware gangs making so much money?

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For many organizations and startups, 2023 was a rough year financially, with companies struggling to raise money and others making cuts to survive. Ransomware and extortion gangs, on the other hand, had a record-breaking year in earnings, if recent reports are anything to go by. It’s hardly surprising when you look at the state of © 2024 TechCrunch. All rights reserved. For personal use only.

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