November 29, 2023 4:49 pm

Europol takes down prominent ransomware gang, according to RT World News.

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Europol has successfully dismantled the notorious ransomware group, Ragnar Locker, in an international operation that resulted in the arrest of its suspected leader. The multinational criminal organization has been described as one of the most dangerous ransomware operations in recent years.

The operation involved a coordinated effort by police and judicial authorities from eleven countries, including France, Czechia, Germany, Italy, Japan, Latvia, the Netherlands, Spain, Sweden, Ukraine, and the United States. The initial arrests were made in Ukraine in late 2021, and the final stage of the operation took place from October 16 to 20. During this phase, multiple searches were conducted in Latvia, Spain, and the Czech Republic, leading to the arrest of the alleged leader in France and the search of his residence in the Czech Republic. Additionally, five other suspects were taken in for questioning in Spain and Latvia.

Law enforcement authorities successfully seized servers and other infrastructure used by the ransomware group in the Netherlands, Germany, and Sweden. As a result, Ragnar Locker’s leak site on the dark web was taken offline. This site was used by the group to publicly release stolen data in order to pressure victims into paying the ransom and discourage them from involving law enforcement.

Ragnar Locker had been actively operating since December 2019, targeting various companies and institutions by exploiting vulnerabilities in remote access and administration software. The group would hold victims’ systems hostage by encrypting their files and demanding a ransom for their release. In addition, they would threaten to leak sensitive data on the dark web if the victims chose to involve law enforcement instead of paying the ransom. The group also demanded additional payments for decrypting tools.

Some of the notable attacks carried out by Ragnar Locker include targeting TAP Air Portugal, the country’s flagship carrier, in late 2022, as well as the Mayanei Hayeshua hospital, a major Israeli clinic, in September of this year.

The successful takedown of the Ragnar Locker ransomware group represents a significant victory in the fight against cybercrime. It demonstrates the effectiveness of international cooperation and highlights the determination of law enforcement agencies to combat these types of criminal activities. This operation sends a strong message to other ransomware groups that they will not be able to operate with impunity, and they will be held accountable for their actions.

Moving forward, it is essential for governments and organizations to continue investing in cybersecurity measures and collaboration in order to stay ahead of evolving cyber threats. By working together and sharing information, law enforcement agencies can effectively disrupt criminal networks and protect individuals and businesses from the devastating impact of ransomware attacks.

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Original Source: Europol takes down prominent ransomware gang, according to RT World News.

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