Russia’s Zservers sanctioned by US, UK, and Australia for serving crypto ransomware LockBit
Three countries have sanctioned the Russia-based hosting service Zservers for offering services to the notorious cryptocurrency ransomware gang LockBit. A Feb. 11 press release from the U.S. Treasury’s Office of Foreign Assets Control, Australia’s Department of Foreign Affairs and Trade, and the UK’s Foreign, Commonwealth & Development Office revealed a joint crackdown, sanctioning bulletproof hosting […]
Ransomware cashouts down 35% as victims snub demand: Chainalysis
Ransomware attacks surged last year, but victim payments declined as users refused to meet demands amid increased recovery efficiency by law enforcement. The lucrative ransomware business earned less from victim payouts year-over-year despite a rise in attacks launched by bad actors in 2024, according to a Chainalysis crime report. The report found that ransomware payments […]
