MoFo News Item

U.S. Seizes Over $6 Million From Ransomware Attacks

CBS News

08 Nov 2021

Alex Iftimie spoke to CBS News about the Justice Department’s announcement that U.S. officials seized more than $6 million in cryptocurrency and arrested two individuals they say are behind the July 4 weekend REvil ransomware attacks, in which the hacking of a Florida-based software firm infected more than a thousand businesses worldwide.

According to Alex, this action has “lifted the veil of anonymity” that typically shields cyber criminals, and the arrest of Ukrainian national Yaroslav Vasinskyi could tip the scale for would-be hackers considering joining a ransomware group.

“The U.S. government has done a lot here to change the risk calculus for ransomware actors who are thinking, ‘I too can have a Maserati if I engage in this kind of conduct,’” Alex said.

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