Alleged LockBit ransomware gang member arrested in Canada

Authorities in Canada have arrested an alleged member of the LockBit gang, based on the Division of Justice. Mikhail Vasiliev, a twin Russian-Canadian citizen, is awaiting extradition to the US, the place he’s charged with conspiracy to deliberately injury protected computer systems and to transmit ransom calls for. Vasiliev faces a jail sentence of as much as 5 years and a positive of as much as $250,000 if he’s convicted.

In accordance with the grievance, the LockBit ransomware first emerged round January 2020, and the FBI has been investigating these behind it since March of that yr. The DOJ claims LockBit is “some of the lively and harmful ransomware variants on the earth,” having claimed no less than 1,000 victims, . The company added that members of the LockBit gang have demanded no less than $100 million in complete ransom funds. The gang has claimed tens of tens of millions of {dollars} from victims, based on the DOJ.

“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 US and all over the world,” deputy legal professional normal Lisa O. Monaco “Let this be one more warning to ransomware actors: working with companions all over the world, the Division of Justice will proceed to disrupt cyber threats and maintain perpetrators to account. With our companions, we’ll use each accessible device to disrupt, deter and punish cyber criminals.”

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