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The Register 2 years, 4 months ago

LockBit ransomware kingpin gets 4 years behind bars

Canadian said to have turned to a life of cybercrime during pandemic, now must pay the price – literally A LockBit ransomware kingpin has been sentenced to almost four years behind bars and ordered to pay more than CA$860,000 ($635,000, £500,000) in restitution to some of his victims by a Canadian court as he awaits extradition to the US.…

Bank Info Security 2 years, 4 months ago

Canada Sentences LockBit Hacker Mikhail Vasiliev to 4 Years

Dual Canadian-Russian National Also Agrees to US ExtraditionLockBit ransomware affiliate Mikhail Vasiliev on Tuesday received a nearly four-year prison sentence in Canada and consented to extradition to the United States, where he faces charges of conspiracy to commit computer intrusion. He must also pay CA$860,000 in restitution to his Canadian victims.

As America, UK, Canada, Australia and friends share essential bible to detect and thwart infections Seven nations today issued an alert, plus protection tips, about LockBit, the prolific ransomware-as-a-service gang, as the group's affiliates remains a global scourge, costing US victims alone more than $91 million since 2020.…

Blame it on the affiliate Notorious ransomware gang LockBit "formally apologized" for an extortion attack against Canada's largest children's hospital that the criminals blamed on a now-blocked affiliate group, and said it published a free decryptor for the victim to recover the files.…