Law enforcement agencies, including the FBI, the U.S. Department of Justice, and several European security organizations working under Europol, have successfully taken down the website belonging to the notorious cybercriminal ALPHV, also known as Blackcat.
ALPHV/Blackcat Ransomware, a notorious ransomware service, has managed to infect more than 1,000 victims across the globe.
In the world of cybercrime, there is a disturbingly popular model known as ransomware-as-a-service.
This model involves a group of developers who specialize in creating and updating ransomware and who also maintain the necessary internet infrastructure to carry out their illicit activities.
One such group that operates in this manner is Blackcat.
The notorious ALPHV/BlackCat ransomware group has taken ownership of the cyberattack that caused significant disruption to the operations of MGM Resorts - a highly regarded hotel and casino chain.
This targeted attack has caused severe damage to the company's systems and has raised concerns over the security of customer data.
A decryption tool was created by the FBI, which enabled FBI field offices across the country and global law enforcement partners to provide more than 500 impacted victims with the ability to recover their systems.
As part of the investigation, the FBI has obtained access to the computer network belonging to the Blackcat ransomware group.
The agency has also seized the group's several websites.
The warrant states that a ransomware variant has impacted critical infrastructure in the United States.
This includes government facilities, emergency services, defense industrial base companies, critical manufacturing, healthcare, and public health facilities, as well as other corporations, government entities, and schools.
If you possess any details regarding Blackcat, its associates, or its operations, you could qualify for compensation through the Rewards for Justice initiative under the jurisdiction of the Department of State.
This Cyber News was published on cybersecuritynews.com. Publication date: Tue, 19 Dec 2023 14:55:16 +0000