Ukraine Arrests Ransomware Gang in Global Cybercriminal Crackdown
Freeman writes:
Ukrainian police have arrested members of a notorious ransomware gang that recently targeted American universities, as pressure mounts on global law enforcement to crack down on cybercriminals.
The Ukraine National Police said in a statement on Wednesday that it had worked with Interpol and the US and South Korean authorities to charge six members of the Ukraine-based Cl0p[sic] hacker group, which it claimed had inflicted a half-billion dollars in damages on victims based in the US and South Korea.
The move marks the first time that a national law enforcement agency has carried out mass arrests of a ransomware gang, adding to pressure on other countries to follow suit. Russia, a hub for ransomware gangs, has been blamed for harbouring cybercriminals by failing to prosecute or extradite them.
Cl0P is one of several ransomware cartels that seize a target's data, demanding a ransom to release it. The group has also increasingly threatened to leak sensitive information online if a target refuses to pay, a tactic known as double extortion."
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