The Department of Justice (DOJ) announced that it has taken down a major criminal network responsible for launching ransomware attacks against multiple targets across the US and abroad. The network, known as "Pay2Key" or "Yonathan". was made up of members of a cybercrime group that specialized in conducting ransomware attacks. The DOJ was able to take down the group by using a 21st century version of a “stakeout.” Cyber security experts monitored the group’s activity and shared information with the FBI, allowing the agency to identify and apprehend the culprits.
The DOJ’s actions should act as a strong warning to cybercriminals that don’t think they can be caught. Cybercrime has become a highly lucrative business, and many criminals have become increasingly brazen in their attempts to extort companies and individuals. Ransomware attacks are among the most serious cyber threats, as they can steal data and encrypt files, leaving victims struggling to recover their data and often facing large payouts to the hackers.
The DOJ’s efforts demonstrate that cybercrime will not be tolerated and that law enforcement is increasingly able to take down criminal networks leveraging the latest technologies at their disposal. This is an important reminder that cyber security must be taken seriously and that there are steps individuals and companies can take to enhance their cyber defenses. This includes having robust backups and security protocols, monitoring networks for suspicious activity, and training employees so they can identify and report possible threats. This is the new digital age, and a proactive approach to cyber security is needed to stay ahead of the ever-evolving threat landscape.
This Cyber News was published on www.zdnet.com. Publication date: Thu, 26 Jan 2023 20:50:03 +0000