Cybersecurity Employees Plead Guilty to Ransomware Attacks Using ALPHV BlackCat
4 months ago
- #FBI
- #ransomware
- #cybersecurity
- Two men pleaded guilty to conspiring to commit ransomware attacks in 2023.
- The defendants used their cybersecurity expertise to extort victims via ransomware.
- The ransomware used was ALPHV BlackCat, targeting over 1,000 victims globally.
- The men extorted $1.2 million in Bitcoin from one victim and laundered the funds.
- The FBI developed a decryption tool, saving victims $99 million in ransom payments.
- The defendants face up to 20 years in prison, with sentencing scheduled for March 2026.
- The FBI encourages businesses to report ransomware attacks and suspicious activities.
- Victims of ransomware are advised to contact the FBI or file a report at ic3.gov.