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CyberWire Daily

Key player unmasked in global ransomware takedown.

Oct 8, 2024
David Moulton, Director of Thought Leadership at Palo Alto Networks, leads a discussion with Qiang Huang Chung hwang and Michela Menting, both experts in cybersecurity and OT security. They delve into the identification of a key member of Evil Corp and the implications for global ransomware. The conversation explores rising threats to Operational Technology, emphasizing the urgent need for enhanced security in critical infrastructure. Additionally, they cover the dual-edged effects of AI on cybersecurity, shedding light on recent advancements in machine learning.
34:02

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Quick takeaways

  • Western authorities have arrested a crucial member of the EvilCorp group, disrupting significant ransomware operations linked to Lockbit.
  • The cyberattack on the American Water utility highlights the increasing risks faced by critical infrastructure amid relentless cyber threats.

Deep dives

Crackdown on Cybercrime Groups

Western authorities have identified Alexander Rezenkov, a Russian national, as a key member of the EvilCore cybercrime group linked to the Lockbit ransomware operation. Rezenkov was charged with extorting U.S. businesses by decrypting their data and demanding ransom payments. Alongside his arrest, multiple individuals involved in money laundering connected to Lockbit were taken into custody across Europe. Law enforcement actions have significantly hindered Lockbit's operations, although the group has adapted by moving to alternative platforms despite efforts to weaken their infrastructure.

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