In a sprawling 26-count criminal indictment unsealed Tuesday morning, prosecutors allege that Khoroshev, 31, developed, promoted and oversaw the LockBit software, recruiting “affiliates” on cybercriminal forums who then carried out…
A Russian national suspected of laundering ransomware payments in cryptocurrency on behalf of cybercriminals targeting hospitals has been extradited to the U.S. by the Netherlands. The person was allegedly involved…
British multinational jeweler Graff Diamonds Corp has sued its insurer, The Travelers Companies, Inc for failing to cover $7.5 million in ransomware losses. The Jeweler said it paid $7.5 million…
The rise in ransomware attacks over the past year has now forced the United States to increase its efforts in fighting these attacks. The Justice Department is now creating a…
As cryptocurrency adoption continues apace in the United States, lawmakers want to better understand how it’s used — for both legal and illegal purposes.The Ransom Disclosure Act, introduced by Senator…
Ransomware, malicious software that encrypts computers and keeps them “locked” until a ransom is paid, is the world’s fastest-growing cyber threat, according to Coinfirm. Recent attacks on critical national infrastructure,…
