Ransomware gang with $42 million laundered caught by Ukraine

Details of the Ukraine Cyber Police in collaboration with cryptocurrency exchange Binance show insight into how the group operated. As per reports, they also offered money laundering services of cryptocurrencies through underground forums which are a hotspot for criminals. This led to a source of money from various illegal activities including but not limited to:

  • Spreading malware;
  • Money received by hacking international firms;
  • Stealing money from foreign individual & company bank accounts.

All of these crimes could lead to a penalty time of up to 8 years in prison if convicted.

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Honda Operations down by ransomware?

Honda Operations down by ransomware?

Operations of the Honda, were reportedly disrupted in parts across Europe, Japan, and the U.S. due to Snake ransomware (also known as EKANS). The cybersecurity company Virus Total claimed that it had certain evidence which clearly points out that Honda’s internal server has been encrypted with Snake ransomware and the cybercriminals have demanded a ransom in exchange of the encryption key. Snake ransomware operators are notoriously known to copy critical data before encrypting it for leveraging negotiations with the victim.

Want to know more: https://cisomag.eccouncil.org/honda-snake-ransomware-attack/