Alleged LockBit ransomware gang member arrested in Canada

Authorities in Canada have arrested an alleged member of the LockBit gang, in accordance with 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 harm protected computer systems and to transmit ransom calls for. Vasiliev faces a jail sentence of as much as 5 years and a tremendous of as much as $250,000 if he’s convicted.

In keeping with the grievance, the LockBit ransomware first emerged round January 2020, and the FBI has been investigating these behind it since March of that 12 months. The DOJ claims LockBit is “one of the vital energetic and harmful ransomware variants on the earth,” having claimed not less than 1,000 victims, . The company added that members of the LockBit gang have demanded not less than $100 million in complete ransom funds. The gang has claimed tens of thousands and thousands of {dollars} from victims, in accordance with 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 world wide,” deputy legal professional common Lisa O. Monaco “Let this be yet 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 out there software to disrupt, deter and punish cyber criminals.”

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