Regulatory Alerts2021-10-15 | PDF OnlyAdded
Ransomware Trends in Bank Secrecy Act Data Between January 2021 and June 2021
This Financial Trend Analysis presents data on ransomware patterns derived from Suspicious Activity Reports filed between January 1, 2021, and June 30, 2021. The report identifies 635 ransomware-related SARs totaling $590 million, a 30 percent increase from the 487 SARs filed for the entire 2020 calendar year. FinCEN highlights that bitcoin was the most common payment method and identifies top variants such as REvil/Sodinokibi, Conti, and DarkSide. The document also outlines money laundering typologies, including the use of anonymity-enhanced cryptocurrencies and chain hopping.