Ukraine arrests ransomware gang in global cyber criminal crackdown
Details are sketchy, but it’s a start
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Ukranian police have raided the headquarters of the notorious Cl0pransomwaregang, seizing computer hardware used in its operations along with the equivalent of $184,000, which is most likely ransom money.
According toCybernews, the group has attacked several high profile targets mostly in the US, and South Korea, including the Stanford University Medical School, the University of Maryland, and the University of California.
Cl0p was also reportedly adept at running a ransomware-as-a-service operation and had collaborated with other cybercriminal groups, especially when going after bigger targets such as oil giant Shell, and the American Flagstar Bank.
As per reports, the Ukranian law enforcement stated that the suspects it rounded up during the raids were using the Cl0p ransomware, though it did not disclose whether they were members or only affiliates of the gang.
Cl0p shopped
Ransomware attacks have long been a threat for any large scale network, though the frequency of the attacks has arguably increased during the pandemic, as businesses relax the protections around their corporate networks in order to facilitateremote working.
Oliver Tavakoli, CTO atcybersecuritycompany Vectra AI believes that such law enforcement actions can eventually help shrink the ransomware ecosystem, since the increased likelihood of repercussions will discourage criminals from the business of ransomware.
“When periodic disruptions occur in the supply chain of ransomware and sometimesransoms are reclaimed(as the FBI recently did with some of theColonial Pipeline ransompayments), the business of ransomware itself becomes less lucrative and less people are drawn into it,“ says Tavakoli.
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Ukraine’s action could have geopolitical ramifications as well. With Ukraine-Russia relations at an all time low, the arrest comes even asRussia continues to drag its feetwhen it comes to disrupting ransomware groups operating within its jurisdiction, such as the one that is thought to be behind the Colonial Pipeline attack.
With almost two decades of writing and reporting on Linux, Mayank Sharma would like everyone to think he’sTechRadar Pro’sexpert on the topic. Of course, he’s just as interested in other computing topics, particularly cybersecurity, cloud, containers, and coding.
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