European police, FBI bust international cybercrime gang

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German police said Monday they have disrupted a ransomware cybercrime gang tied to Russia that has been blackmailing large companies and institutions for years, raking in millions of euros.

Working with law enforcement partners including Europol, the FBI and authorities in Ukraine, police in Duesseldorf said they were able to identify 11 individuals linked to a group that has operated in various guises since at least 2010.

Ransomware is the world's most disruptive cybercrime. Gangs mostly based in Russia break into networks and steal sensitive information before activating malware that scrambles data. The criminals demand payment in exchange for decryption keys and a promise not to dump the stolen data online. Dirk Kunze, who heads the cybercrime department with North Rhine-Westphalia state police, said at least 601 victims have been identified worldwide, including 37 in Germany. Europol said victims in the United States paid out at least 40 million euros to the gang between May 2019 and March 2021 to release important data that was electronically locked using the malware.

 

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