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Russian Hacker Pleads Guilty to Money Laundering Linked to Ryuk Ransomware

Russian Hacker Pleads Guilty to Money Laundering Linked to Ryuk Ransomware

Feb 08, 2023 Cryptocurrency / Endpoint Security
A Russian national on February 7, 2023, pleaded guilty in the U.S. to money laundering charges and for attempting to conceal the source of funds obtained in connection with Ryuk ransomware attacks. Denis Mihaqlovic Dubnikov, 30, was  arrested  in Amsterdam in November 2021 before he was extradited from the Netherlands in August 2022. He is awaiting sentencing on April 11, 2023. "Between at least August 2018 and August 2021, Dubnikov and his co-conspirators laundered the proceeds of Ryuk ransomware attacks on individuals and organizations throughout the United States and abroad," the Department of Justice (DoJ)  said . Dubnikov and his accomplices are said to have engaged in various criminal schemes designed to obscure the trail of the ill-gotten proceeds. According to DoJ, a chunk of the 250 Bitcoin ransom paid by a U.S. company in July 2019 after a Ryuk attack was sent to Dubnikov in exchange for about $400,000. The crypto was subsequently converted to Tether and trans
Ransomware Group FIN12 Aggressively Going After Healthcare Targets

Ransomware Group FIN12 Aggressively Going After Healthcare Targets

Oct 08, 2021
An "aggressive" financially motivated threat actor has been identified as linked to a string of RYUK ransomware attacks since October 2018, while maintaining close partnerships with TrickBot-affiliated threat actors and using a publicly available arsenal of tools such as Cobalt Strike Beacon payloads to interact with victim networks. Cybersecurity firm Mandiant attributed the intrusions to a Russian-speaking hacker group rechristened as FIN12, and previously tracked under the name  UNC1878 , with a disproportionate focus on healthcare organizations with more than $300 million in revenue, among others, including education, financial, manufacturing, and technology sectors, located in North America, Europe, and the Asia Pacific. The designation marks the first time a ransomware affiliate group has been promoted to the status of a distinct threat actor. "FIN12 relies on partners to obtain initial access to victim environments," Mandiant researchers  said . "Not
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