Ransomware gang behind attacks on 100+ companies busted

Law enforcement authorities managed to seize millions in cryptocurrency and luxury vehicles owned by the ransomware gang.

In an international coordinated operation, law enforcement authorities in Europe have arrested two suspects in Ukraine accused of running a ransomware gang that was behind large-scale attacks on more than 100 companies around the world.

The arrests were made on September 28th in an operation that involved Europol, INTERPOL, the Ukrainian National Police, the French National Gendarmerie (Gendarmerie Nationale), and the United States Federal Bureau of Investigation (FBI).

Like other ransomware gangs, the modus operandi of the suspects involved targeting businesses with malware, steal sensitive data, and encrypt their files. The duo demanded a ransom between €5 to €70 million, while their victims included large industrial groups in North America and Europe from April 2020 onwards.

In case the victim paid the ransom, the group would offer them a decryption key to access their data. If their demands were not met, the ransomware operators would threaten victims to leak the stolen data on the dark web and hacking forums.

According to Europol’s press release, authorities searched seven properties, seized cash worth US$375,000 (€323,000 – £275,300), and two luxury vehicles worth €217

Read More: https://www.hackread.com/ransomware-gang-busted-attacks-100-companies/