Interesting article from Chainalysis.com on the decline in ransomware payments

Key factors:
1. A reluctance to pay
2. Heightened law enforcement efforts
3. The takedown of one of the most prolific ransomware-as-a-service groups known as LockBit.

However still a long way to go dealing with these threat actors.

35% Year-over-Year Decrease in Ransomware Payments, Less than Half of Recorded Incidents Resulted in Victim Payments