On October 4th, Europol announced a coordinated law enforcement operation against a major ransomware criminal gang. The operation, which took place on September 28th, involved the FBI Atlanta Field Office, French National Police, and the National Police of Ukraine. It resulted in two people being arrested in Ukraine, seven property searches, seizure of $357,000 USD in cash, seizure of two luxury vehicles worth over $250,000 USD, and freezing of $1.3 million USD in cryptocurrencies. The criminal organization is suspected of having attacked very large industries in North America and Europe to steal sensitive information, encrypt files, and demand an extortion payment in return for the key to decrypt the files. This pattern of activity is common among many ransomware gangs, and Europol has not yet revealed which ransomware group the individuals were associated with. The National Police of Ukraine released a YouTube video with scenes from the search operation showing seizure of computers and cash, along with a public statement about the case.
Written by: Nataliia Zdrok, Threat Intelligence Analyst at Binary Defense Russia’s invasion of Ukraine increased