The United States has issued an $11 million bounty for Volodymyr Tymoshchuk, a Ukrainian man accused of masterminding ransomware attacks that stole an estimated $18 billion over three years. Tymoshchuk is alleged to be the leader behind the MegaCortex, LockerGoga, and Nefilim attacks, targeting large companies, including the renewable energy company Norsk Hydro, which suffered $81 million in damages. The indictment details seven charges related to computer damage and threats, with Tymoshchuk potentially facing a life sentence. The case highlights international coordination to prosecute a significant ransomware actor.
Read More
The government is implementing new measures, including mandatory reporting of ransomware incidents, following public consultation. These measures aim to expose, detect, and disrupt criminal networks, protecting the economy and businesses. The British Library’s experience, despite not paying a ransom, highlights the devastating impact of these attacks, as seen also with recent disruptions at major retailers. Simultaneously, the government is also working to streamline other aspects of its national security defenses.
Read More
A joint international operation involving law enforcement from seven countries has dismantled a major Russian-based malware operation. International arrest warrants were issued for 20 suspects, primarily based in Russia, while the US unsealed indictments against 16 others involved in Qakbot and Danabot malware operations. Key figures such as Rustam Gallyamov and Vitalii Kovalev, allegedly responsible for significant ransomware attacks including Conti, are among those targeted. Although extradition is unlikely, the identification of these individuals and disruption of their operations represent a major blow to cybercrime.
Read More
John Q. Hosedrinker