Two ransomware masterminds have been arrested in Ukraine, following the successfully coordinated strike between the French National Gendarmerie (Gendarmerie Nationale), the Ukrainian National Police, and the United States Federal Bureau of Investigation (FBI). The operation was backed by and coordinated by Europol who says the arrested individuals are known for their extortionate ransom demands ranging from €5m to €70 million.
The individuals arrested whose names were withheld are said to have organized a string of organized crimes that target large corporations and industrial groups in Europe and North America from April 2020 onwards. According to Europol, the individuals are known to always steal sensitive data from their culprits which are then encrypted until the demanded ransoms are paid.
“The criminals would deploy malware and steal sensitive data from these companies, before encrypting their files,” the announcement reads, adding that “They would then proceed to offer
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