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Ransomware Profitability

Schneier on Security

Analyzing cryptocurrency data, a research group has estimated a lower-bound on 2020 ransomware revenue: $350 million, four times more than in 2019. Ransomware is now an established worldwide business.

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Four REvil Ransomware members sentenced for hacking and money laundering

Security Affairs

Russian authorities sentenced four members of the REvil ransomware operation to several years in prison in Russia. Four former members of the REvil ransomware group were sentenced in Russia for hacking and money laundering, marking a rare case of Russian gang members being convicted in the country. Vasinskyi was extradited to the U.S.

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A Death Due to Ransomware

Schneier on Security

The Wall Street Journal is reporting on a baby’s death at an Alabama hospital in 2019, which they argue was a direct result of the ransomware attack the hospital was undergoing. If proven in court, the case will mark the first confirmed death from a ransomware attack.

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US charged Dual Russian and Israeli National as LockBit Ransomware developer

Security Affairs

US authorities charged a dual Russian and Israeli national for being a developer of the LockBit ransomware group. Rostislav Panev, 51, a dual Russian-Israeli national, was charged as a LockBit ransomware developer. The man is accused of being a LockBit ransomware developer from 2019 through at least February 2024.

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Russian Phobos ransomware operator faces cybercrime charges

Security Affairs

Russian Phobos ransomware operator Evgenii Ptitsyn, accused of managing attacks, was extradited from South Korea to the US to face cybercrime charges. Russian Phobos ransomware operator Evgenii Ptitsyn, suspected of playing a key role in the ransomware operations, was extradited from South Korea to the US to face cybercrime charges.

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Medical Debt Collection Firm R1 RCM Hit in Ransomware Attack

Krebs on Security

NASDAQ:RCM ], one of the nation’s largest medical debt collection companies, has been hit in a ransomware attack. billion in 2019. R1 RCM acknowledged taking down its systems in response to a ransomware attack, but otherwise declined to comment for this story. R1 RCM Inc. Formerly known as Accretive Health Inc.

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Payment Processing Giant TSYS: Ransomware Incident “Immaterial” to Company

Krebs on Security

Payment card processing giant TSYS suffered a ransomware attack earlier this month. In 2019, TSYS was acquired by financial services firm Global Payments Inc. The gang claims the data published so far represents just 15 percent of the information it offloaded from TSYS before detonating its ransomware inside the company.