#1
#1 out of 1
crime1d ago
Law enforcement seize $10 million in assets from ransomware negotiator following cybercrime offence
- Three ex-cybersecurity professionals pleaded guilty to conspiring to deploy ransomware in 2023.
- The group used BlackCat/ALPHV ransomware against multiple victims between April and November 2023.
- Martino allegedly fed confidential victim data to attackers while working as a ransomware negotiator.
- Assets seized from Martino include digital currency, vehicles, a food truck, and a luxury fishing boat.
- The defendants face up to 20 years in prison for the conspiracy charge.
- The US DOJ describes the case as part of a broader ransomware crackdown and recovery efforts.
- The case highlights insider risk where a cyber incident responder allegedly aided attackers.
- The defendants' co-conspirators pled guilty to the same charge last year, aligning sentences.
- BlackCat/ALPHV has previously targeted companies such as Bandai Namco and Western Digital.
- Ransomware payments worldwide declined in 2024 due to stronger law enforcement.
Vote 0