"Canada Jails LockBit Affiliate for Four Years"

Mikhail Vasiliev, a Russian-Canadian national and LockBit ransomware affiliate, has been sentenced to years in prison after pleading guilty to cyber extortion. Vasiliev was first arrested in late 2022, with authorities suspecting him of being involved in the launch of attacks on critical infrastructure organizations and large industrial groups. Europol reported at the time of Vasiliev's arrest that he was involved in cyberattacks with enormous ransom demands. According to Ransomlooker, a Cybernews ransomware monitoring tool, LockBit made up 47 percent of all publicly announced ransomware victims in the last 12 months, gaining the gang billions of dollars in profits. This article continues to discuss the sentencing of Vasiliev to years in prison for his involvement in the LockBit ransomware operation, the history of the operation, and its recent takedown. 

Cybernews reports "Canada Jails LockBit Affiliate for Four Years"

Submitted by grigby1