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Ransomware Payments Dropped 35% In 2024

3 months 1 week ago
An anonymous reader quotes a report from CyberScoop: Ransomware payments saw a dramatic 35% drop last year compared to 2023, even as the overall frequency of ransomware attacks increased, according to a new report released by blockchain analysis firm Chainalysis. The considerable decline in extortion payments is somewhat surprising, given that other cybersecurity firms have claimed that 2024 saw the most ransomware activity to date. Chainalysis itself warned in its mid-year report that 2024's activity was on pace to reach new heights, but attacks in the second half of the year tailed off. The total amount in payments that Chainalysis tracked in 2024 was $812.55 million, down from 2023's mark of $1.25 billion. The disruption of major ransomware groups, such as LockBit and ALPHV/BlackCat, were key to the reduction in ransomware payments. Operations spearheaded by agencies like the United Kingdom's National Crime Agency (NCA) and the Federal Bureau of Investigation (FBI) caused significant declines in LockBit activity, while ALPHV/BlackCat essentially rug-pulled its affiliates and disappeared after its attack on Change Healthcare. [...] Additionally, [Chainalysis] says more organizations have become stronger against attacks, with many choosing not to pay a ransom and instead using better cybersecurity practices and backups to recover from these incidents. [...] Chainalysis also says ransomware operators are letting funds sit in wallets, refraining from moving any money out of fear they are being watched by law enforcement. You can read the full report here.

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Arm Ends Legal Efforts To Terminate Qualcomm's License

3 months 1 week ago
Arm has dropped its attempt to terminate Qualcomm's Architecture License Agreement (ALA), allowing Qualcomm to continue developing and producing Arm-compatible chips for PCs, smartphones, and servers. "The Brit biz had sought to end that license in a lawsuit it brought against Qualcomm in 2022," notes The Register. "That suit is rooted in Qualcomm's 2021 acquisition of a startup called Nuvia, which was co-founded by the brains behind Apple's custom processors and had signed an architecture license agreement (ALA) with Arm that allowed it to design its own Arm-compatible CPU cores." From the report: On Wednesday, Qualcomm's latest quarterly financial report [PDF] revealed Arm had indicated on January 8, 2025 it was no longer seeking to kill off Qualcomm's ALA. During Qualcomm's Q1 2025 earnings conference call with Wall Street, CEO Cristiano Amon confirmed Arm "has no current plan to terminate the Qualcomm Architecture License Agreement. We're excited to continue to develop performance leading, world-class products that benefit consumers worldwide that include our incredible Oryon custom CPUs." [...] On the other side of the fence, Arm noted in a regulatory filing [PDF] that post-trial motions had been filed on both sides to clarify the legal situation following the jury's verdicts, and a new trial may be sought. On its own latest quarterly earnings call, which like Qualcomm's took place on Wednesday, Arm's CFO Jason Child was asked about the impact of the case. He said Arm's revenue forecasts assumed the biz was "not going to prevail in that lawsuit," and that it expected to continue receiving payments from Qualcomm, which licenses various technologies from Arm and doesn't just hold an ALA. "The primary reason for the lawsuit very much was around defending our IP and that's important," Child said. "But from a financial perspective, we had assumed that we'll continue to be receiving royalties at basically the same rates that they've been paying for in the past and will continue to pay." Qualcomm continues to pursue another case against Arm, alleging the UK outfit didn't honor some of its contractual obligations. Arm reckons that matter will reach the courts in the first half of 2026.

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