Connect with us

Hi, what are you looking for?


Ukranian police arrests ransomware gang that hit over 50 firms

ukraine police car

Ukranian police arrests ransomware group attacking over 50 firms

Ukrainian police officers have arrested a ransomware affiliate group responsible for attacking at least 50 companies in the U.S. and Europe.

It is estimated that the total losses resulting from the attacks is in excess of one million U.S. dollars.

A 36-year-old resident of Ukraine’s capital Kiev was identified as the leader of the group, which included his wife and three other acquaintances, the police states.

It is unclear what ransomware strain the gang used to encrypt data on victim computers but they delivered the malware through spam emails.

Three members of the gang received the ransoms from paying victims in cryptocurrency. In exchange, they provided the decryption tool to restore data, the Ukrainian police says in an announcement today.

“According to preliminary data, more than 50 companies were affected by the attacks, the total amount of damage reaches more than one million US dollars,” the police adds.

SSU agent inspecting the actor's computer
SSU agent inspecting the actor’s computer
Source: SSU

To legalize the funds received as ransom payments, the attackers carried out complex financial transactions using online payment services that are banned in Ukraine, passing them around in an extensive network of fictitious identities.

Apart from the ransomware activity, the actors also VPN-like services that enabled other cybercriminals to carry out illegal activities ranging from downloading malware to hacking.

Advertisement. Scroll to continue reading.

The investigation revealed that these services were used to compromise systems belonging tio government and commercial organizations to steal sensitive data, deploy ransomware, or launch distributed denial-of-service (DDoS) attacks.

One of the defendants was also stealing card data of British citizens to buy items from online stores and then resell them online. This process is a simple way to convert into cash the funds on stolen cards.

The police raided the homes and cars of nine suspects and confiscated computer equipment, bank cards, and flash drives which investigators will examine for additional evidence that could lead to more arrests.

The suspects face criminal charges relevant to money laundering, interference in computers and networks, and the creation, use, distribution, and sale of malicious software.

These arrests are a joint effort from law enforcement officers in the U.K., the U.S. and Ukraine.

Law enforcement crackdown

The cybercrime unit of the Ukrainian police has been very active in recent months, arresting ransomware actors, fraudsters, botnet operators, and phishing actors.

More specifically, the SSU arrested the following actors recently:

Source link

Advertisement. Scroll to continue reading.
Click to comment

Leave a Reply


Top Stories

UNI needs to break above a key technical resistance level to trigger its 100% bull run scenario. Otherwise, a bear flag awaits a 45%...


We are excited to bring Transform 2022 back in-person July 19 and virtually July 20 – 28. Join AI and data leaders for insightful...

Top Stories

The provision in the U.S. infrastructure bill signed into law in November, which will require financial institutions and crypto brokers to report additional information,...

Social Media

As it looks to add more ways to help creators to build their presence, and monetize their work in the app, Facebook is launching...


In context: Tensor cores have been one of the main advantages of Nvidia’s RTX graphics cards, enabling machine learning-based image upscaling, which significantly improves...

Online Business Success

Small Town Cultures pickles. Small Town Cultures Small Town Cultures A family-based fermentation company located in upstate New York, bring simple, clean fermented foods...


You May Also Like


Introductions get a lot of attention. I’ve explored the topic of how to write them even though as a reader, I always skip them....

Online Business Success

The internet is now our nervous system. We are constantly streaming and buying and watching and liking, our brains locked into the global information...

SEO Guide

There are all kinds of pictures of the world on the internet, but to find one of these specific pictures that you want to...

Online Business Success

You can think of link building in many ways. I like to call it tedious, painful, and a test of patience. It’s also necessary...