How the Kremlin provides a safe harbour for ransomware


A file photo of Vinnik, center, being escorted by police officers from the courthouse at the northern Greek city of Thessaloniki. Vinnick, convicted of laundering US$160mil in criminal proceeds through a cryptocurrency exchange, is currently imprisoned in France and might yield additional information about the intersection of organised cybercrime and the Russian state. — AP

BOSTON: A global epidemic of digital extortion known as ransomware is crippling local governments, hospitals, school districts and businesses by scrambling their data files until they pay up. Law enforcement has been largely powerless to stop it.

One big reason: Ransomware rackets are dominated by Russian-speaking cybercriminals who are shielded – and sometimes employed – by Russian intelligence agencies, according to security researchers, US law enforcement, and now the Biden administration.

Subscribe now for a chance to win your dream holiday!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Tech News

ASML shares touch 1,000 euro mark amid optimism over customer TSMC
Corning raises second-quarter core sales forecast driven by AI boom
Bitfarms names new CEO to guide it through strategic review
Tesla investors to urge judge to reject record $7 billion legal fee in Musk pay case
Delivery Hero flags potential EU antitrust fine, shares slide
Ocado builds on Aeon partnership with plans for third robotic warehouse
Is AI a major drain on the world’s energy supply?
Japan’s government has finally stopped using floppy disks
In Belgian farmland, ‘Saving Bambi’ one dawn mission at a time
Samsung Electronics workers strike as union voice grows in South Korea

Others Also Read