May30 , 2023

Trending

Stories

$500,000 seized in ransom payments and cryptocurrency from North Korean group

Latest

OnePlus 11 Marble Odyssey Limited Edition launching on June 6 in India

Oneplus has put itself ahead of time to rotate what appears to be the time tomb to reiterate the fact of being a paltry breadwinner. OnePlus market in India is...

Microsoft Confirms Second Windows 11 23H2 Update with System Improved

As Microsoft is preparing to unveil its next-generation Windows system - the Windows 12 next year, the firm also continues to refine and enhance the current Wi...

Samsung Enters XR Field: Developing XR Chips to Compete with Apple

In the last few years, Apple has been reportedly working on virtual reality, augmented reality, or mixed reality headsets. But it seems the company is not seri...

PUBG Maker Tencent Is Bringing a New Survival Game With Will Smith as a Character

Tencent's overseas game distribution brand, Level Infinite, has made an important announcement today. According to the official statement, Tencent will launch ...

Redmi Watch 3 Lite Will Soon Launch In India

Xiaomi had its well-being time off to take severe measures on the company growth, and the Chinese tech goliath recently introduced the Redmi Watch 3 Lite in th...
- Advertisement -

The US Department of Justice (DOJ) put an end to the activities of a North Korean state-sponsored group, which had deployed the Maui ransomware. The DOJ also seized $500,000 in ransom payments and cryptocurrency.

Lisa O. Monaco, the Deputy Attorney General, revealed that the seized funds include ransoms paid by healthcare providers in Kansas and Colorado. She said the department is returning the stolen funds to the victims. The DOJ filed a complaint in the District of Kansas to forfeit cryptocurrency paid as ransom to North Korean hackers or used to launder such ransom payments. It said the FBI filed a sealed seizure warrant in May 2022 for the funds worth about half a million dollars.

Also Read

Speaking at the International Conference on Cyber Security, Monaco said the approach used in this case exemplifies how the DOJ is attacking malicious cyber activity from all angles to disrupt bad actors and prevent the next victim. In early July, the US government had warned that North Korean attackers were using the Maui ransomware family to target healthcare and public health organizations with manual intrusions.

The US authorities have gained traction to track and seize illicit cryptocurrency funds from various cybercrimes. This can be seen in cases like the Colonial Pipeline ransomware attack in May 2021, wherein the DOJ seized 63.7 Bitcoins worth $2.3 million of the total ransom paid in the attack, that is 75 Bitcoin. Then the department seized $3.6 billion in Bitcoin, in February 2022, in connection to the 2016 Bitfinex hack. The Internal Revenue Service’s criminal investigation unit also managed to seize $3.5 billion in cryptocurrency during 2021 fiscal.

The DOJ revealed that the seizure and disruption would not have been possible without the Kansas-based medical facility reporting the ransomware attack. Charles Dayoub, Special Agent in Charge of the FBI Kansas City Field Division, attributed the department’s success to swift reporting by the victim medical center. He said the action was taken to lessen the loss of the victim company and identify the malware used, and prevent additional cyber attacks. The special agent acknowledged that the relationship between the FBI and the private sector partners is critical to discover, disrupt and dismantle cyber threats to the country’s infrastructure.

Stay updated

Subscribe to our newsletter and never miss an update on the latest tech, gaming, startup, how to guide, deals and more.

Latest

Stories

Grow Your Business

Place your brand in front of tech-savvy audience. Partner with us to build brand awareness, increase website traffic, generate qualified leads, and grow your business.

- Advertisement -

Related

- Advertisement -
- Advertisement -
Nvidia & MediaTek Collaborate on Connected Car Tech Sony Unveils Project Q: A Next-Gen Handheld Game Console Snapchat Hits 200M+ Users in India, Introduces AI Chatbot Super Mario Bros. Movie: 6.4 Million Tickets Sold in Japan Samsung Galaxy A14 Launches in India with Impressive Features BGMI Returns: Battlegrounds Mobile India Now on Play Store Twitter Accuses Microsoft of Data Use Policy Violation GIFs take over Instagram comments, unleashing creative expressions!
Nvidia & MediaTek Collaborate on Connected Car Tech Sony Unveils Project Q: A Next-Gen Handheld Game Console Snapchat Hits 200M+ Users in India, Introduces AI Chatbot Super Mario Bros. Movie: 6.4 Million Tickets Sold in Japan Samsung Galaxy A14 Launches in India with Impressive Features BGMI Returns: Battlegrounds Mobile India Now on Play Store