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In January 2022, KrebsOnSecurity identified a Russian man named Mikhail Matveev as “ Wazawaka ,” a cybercriminal who was deeply involved in the formation and operation of multiple ransomware groups. government indicted Matveev as a top ransomware purveyor a year later, offering $10 million for information leading to his arrest.
Modern ransomware has two dimensions: pay to get your data back, and pay not to have your data dumped on the Internet. The Colonial Pipeline is another current high-profile ransomware victim. Ransomware has become the most profitable cybercrime business model, and until we solve those two problems, that’s not going to change.
According to the FBI, it has successfully seized most of the Bitcoin ransom paid by Colonial Pipeline to “Darkside” criminals after the highly publicized ransomware attack that led to recent gas shortages in multiple US States. Could Satoshi Nakomoto even be some government agency somewhere?
Earlier this month, I and others wrote a letter to Congress, basically saying that cryptocurrencies are an complete and total disaster, and urging them to regulate the space. But that doesn’t mean there can’t be some governance system on top of the blockchain that enables reversals. They still require governance.
The DarkSide ransomware affiliate program responsible for the six-day outage at Colonial Pipeline this week that led to fuel shortages and price spikes across the country is running for the hills. The DarkSide message includes passages apparently penned by a leader of the REvil ransomware-as-a-service platform.
Authorities in India today arrested the alleged co-founder of Garantex , a cryptocurrency exchange sanctioned by the U.S. government in 2022 for facilitating tens of billions of dollars in money laundering by transnational criminal and cybercriminal organizations.
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.
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.
According to prosecutors, the group mainly sought to steal cryptocurrency from victim companies and their employees. Those accounts state that the intruders assaulted Tylerb’s mother in the home invasion, and that they threatened to burn him with a blowtorch if he didn’t give up the keys to his cryptocurrency wallets.
tells cryptocurrency fans to stop breaking sanctions and laundering money—in the name of combating ransomware. The post Government Gunning for Cryptocurrency—Uses Ransomware as Pretext appeared first on Security Boulevard. Treasury Dept.
Romanian national was sentenced to 20 years in prison for his role in NetWalker ransomware attacks, pleading guilty to fraud charges in June. Romanian national Daniel Christian Hulea, 30, was sentenced to 20 years in prison for his role in NetWalker ransomware attacks. and foreign government organizations. in restitution.”
healthcare giant Change Healthcare has made a $22 million extortion payment to the infamous BlackCat ransomware group (a.k.a. On March 1, a cryptocurrency address that security researchers had already mapped to BlackCat received a single transaction worth approximately $22 million. There are indications that U.S.
net that paid people to click on ads for Russian government employment opportunities. In February, he and Ermakov were arrested on charges of operating a short-lived ransomware affiliate program in 2021 called Sugar (a.k.a. Shefel claims his Sugar ransomware affiliate program was a bust, and never generated any profits.
In December 2021, researchers discovered a new ransomware-as-a-service named ALPHV (a.k.a. “ BlackCat “), considered to be the first professional cybercrime group to create and use a ransomware strain written in the Rust programming language. Image: Varonis. Image: Varonis. ” Meanwhile, the U.S.
Senior officials from 31 countries and the European Union said that their governments would take action to disrupt the cryptocurrency payment channels used by ransomware gangs to finance their operations. [.].
Synoptek , a California business that provides cloud hosting and IT management services to more than a thousand customer nationwide, suffered a ransomware attack this week that has disrupted operations for many of its clients, according to sources. A now-deleted Tweet from Synoptek on Dec.
The Mexican Drug Cartels Want You Casio: Notice of Partial Service Outage and Information Leak Caused by Ransomware Attack He founded a “startup” to access sanctioned Russian websites: the cyber police of Khmelnytskyi region exposed the hacker Hacked ‘AI Girlfriend’ Data Shows Prompts Describing Child Sexual Abuse Malware Over 300,000!
As cryptocurrencies have grown in popularity, there has also been growing concern about cybercrime involvement in this sector Cryptocurrencies have revolutionized the financial world, offering new investment opportunities and decentralized transactions.
The US Justice Department announced that the LockBit ransomware developer Rostislav Panev was extradited from Israel to the U.S. The US Justice Department announced that one of the LockBit ransomware developer, Rostislav Panev (51), has been extradited to the United States. reads the press release published by DoJ.
The US Government has underlined once again that it continues to strongly discourage organisations hit by ransomware from giving in to extortion demands, as for the first time it sanctions a cryptocurrency exchange "for laundering cyber ransoms." Read more in my article on the Tripwire State of Security blog.
government did not name the victim organization, but there is every indication that the money was stolen from the now-defunct cryptocurrency exchange FTX , which had just filed for bankruptcy on that same day. A graphic illustrating the flow of more than $400 million in cryptocurrencies stolen from FTX on Nov. 11-12, 2022.
North Korea-linked threat actors are behind some of the largest cyberattacks against cryptocurrency exchanges. North Korea-linked APT groups are suspected to be behind some of the largest cyberattacks against cryptocurrency exchanges. billion (2 trillion won) worth of cryptocurrency from multiple exchanges during the past five years.
The government also indicted and sanctioned a top Russian cybercriminal known as Taleon , whose cryptocurrency exchange Cryptex has evolved into one of Russia’s most active money laundering networks. A 2016 screen shot of the Joker’s Stash homepage. Joker’s sold cards stolen in a steady drip of breaches at U.S.
Russia’s FSB announced to have dismantled the REvil ransomware gang, the infamous group behind Kaseya and JBS USA. The Russian Federal Security Service (FSB) announced to have shut down the REvil ransomware gang, the group that is behind a long string of attacks against large organizations, such as Kaseya and JBS USA.
government today announced a coordinated crackdown against QakBot , a complex malware family used by multiple cybercrime groups to lay the groundwork for ransomware infections. government has used court orders to remotely disinfect systems compromised with malware. Emerging in 2007 as a banking trojan, QakBot (a.k.a.
Over the last few years, ransomware attacks have become one of the most prevalent and expensive forms of cybercrime. Today, this tactic has evolved, where ransomware operators in nearly every case first exfiltrate sensitive data and then threaten to publicly expose it if a ransom demand is not paid.
and Australia in sanctioning and charging a Russian man named Dmitry Yuryevich Khoroshev as the leader of the infamous LockBit ransomware group. ” In an October 2013 discussion on the cybercrime forum Exploit , NeroWolfe weighed in on the karmic ramifications of ransomware. Last week, the United States joined the U.K.
Microsoft researchers linked the Holy Ghost ransomware (H0lyGh0st) operation to North Korea-linked threat actors. The Microsoft Threat Intelligence Center (MSTIC) researchers linked the activity of the Holy Ghost ransomware (H0lyGh0st) operation to a North Korea-linked group they tracked as DEV-0530. ” concludes Microsoft.
The Australian government announced sanctions for a member of the REvil ransomware group for the Medibank hack that occurred in 2022. The Australian government announced sanctions for Aleksandr Gennadievich Ermakov (aka GustaveDore, aiiis_ermak, blade_runner, JimJones), a Russian national who is a member of the REvil ransomware group.
Department of Justice (DOJ) last week announced the arrest of a 55-year-old Latvian woman who’s alleged to have worked as a programmer for Trickbot , a malware-as-a-service platform responsible for infecting millions of computers and seeding many of those systems with ransomware.
DoJ seized $500,000 worth of Bitcoin from North Korea-linked threat actors who are behind the Maui ransomware. Department of Justice (DoJ) has seized $500,000 worth of Bitcoin from North Korean threat actors who used the Maui ransomware to target several organizations worldwide. reads the advisory published by US authorties.
A scenario where software is being distributed as a service is being witnessed in the business of ransomware distribution these days. In a similar fashion, those creating ransomware are also seen selling it via a service called RaaS- Ransomware as a service. Meaning, the ransomware variants might be many.
Enterprises must secure AI agents, adopt proactive data governance, and deploy AI-based security platforms. Promoting continuous learning in privacy tech, AI governance, and Zero Trust, alongside partnerships with educational institutions, helps build a skilled workforce to meet evolving regulatory demands.
A new piece of the Ryuk malware has been improved to steal confidential files related to the military, government, financial statements, and banking. It is not clear if the malware was developed by the threat actors behind Ryuk Ransomware for data exfiltration. Anyone remember this "Ryuk Stealer"?
You just knew 2022 was going to be The Year of Crypto Grift when two of the world’s most popular antivirus makers — Norton and Avira — kicked things off by installing cryptocurrency mining programs on customer computers. Penchukov was arrested after leaving Ukraine to meet up with his wife in Switzerland.
A technician inspects the backside of a cryptocurrency mining farm in Saint Hyacinthe, Quebec. Cryptocurrency is famously anonymous, but evading capture is not the only reason cryptocurrency is the go-to payment solution for ransomware. First, understanding the role of cryptocurrency in ransomware.
Kaseya Software Company has released an update that all its software users who have fallen prey to the ransomware attack will receive a free decryptor to unlock their database files on a respective note. Going with the details, REvil is a ransomware group that is suspected to be linked to Russian Intelligence.
Following the last week’s White House National Security Council’s virtual meetings on the Counter-Ransomware Initiative event, senior officials from the U.E. in an Anti-Ransomware Initiative appeared first on Heimdal Security Blog. What Countries Are Involved […]. What Countries Are Involved […].
Today's ransomware is the scourge of many organizations. If we define ransomware as malware that encrypts files to extort the owner of the system, then the first malware that could be classified as ransomware is the 1989 AIDS Trojan. But where did it start?
All these days the government agencies and corporate networks were busy in combating known ransomware groups such as REvil, Conti, DarkSide, CLOP and Egregor along with Babuk, DopplePaymer and Ragnar. Going deep into the details, LockBit ransomware that existed since Sept’19 and has transformed into a new version dubbed 2.0
Two Russian nationals pleaded guilty to participating in the LockBit ransomware group and carrying out attacks against victims worldwide. Two foreign nationals, Ruslan Magomedovich Astamirov and Mikhail Vasiliev, pleaded guilty in Newark federal court for their roles in the LockBit ransomware operation.
Australian government has imposed a ban on ransom payments in cyber attack incidents as it fears that such payments can encourage crime affecting millions of populaces at a time. In case of ransomware, the victim is being asked to shell out millions to free up data.
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