LockBit Bigwig Arrested for Ransomware Crimes

One in every of LockBit’s alleged ringleaders has been arrested in Ontario, Canada and is on his strategy to the US to face fees associated to ransomware assaults towards no less than a thousand victims, based on the Division of Justice.

Twin Russian-Canadian citizen Mikhail Vasiliev is accused of being behind LockBit ransomware, which first emerged in January 2020 and has grown into one of the crucial extensively used variants on this planet. In accordance with the DOJ, members of the ransomware group have demanded no less than $100 million in ransoms collectively, in the end efficiently extorting tens of thousands and thousands from their victims.

Deputy Lawyer Common Lisa O. Monaco stated in a press release in regards to the fees that the DOJ hopes the arrest sends a clear message to other cybercriminals.

“This arrest is the results of over two-and-a-half-years of investigation into the LockBit ransomware group, which has harmed victims in the USA and world wide,” Monaco stated. “Let this be one more warning to ransomware actors: working with companions world wide, the Division of Justice will proceed to disrupt cyber threats and maintain perpetrators to account. With our companions, we are going to use each obtainable software to disrupt, deter, and punish cybercriminals.”

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