"Police Dismantle Major Ukrainian Ransomware Operation"

Law enforcement agencies in seven countries recently teamed up with Europol and Eurojust to dismantle a major Ukraine-based ransomware operation.  According to Europol, 30 properties were searched on November 21 in four regions of Ukraine, resulting in the arrest of a 32-year-old who is allegedly the operation’s ringleader, as well as four key accomplices.  This law enforcement activity is part of an operation that resulted in the arrests of a dozen individuals back in 2021.  Europol noted that the cybercrime operation targeted thousands of entities across 71 countries.  Europol said the malicious hackers disrupted the operations of large corporations, deploying MegaCortex, Hive, LockerGoga, and Dharma ransomware in their attacks.  Some of the suspects were involved in hacking into the networks of the targeted organizations, while others were accused of laundering the ransom payments made by victims.  Authorities said over 250 servers belonging to major organizations were encrypted, resulting in losses totaling hundreds of millions of dollars.

SecurityWeek reports: "Police Dismantle Major Ukrainian Ransomware Operation"