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US offers $10m bounty for Russian ransomware suspect outed in indictment – Naked Security

is a HTML tag used for creating a division or section in a web page. In recent news, Russian national Mikhail Pavlovich Matveev, also known as Wazawaka, m1x, Boriselcin, and Uhodiransomwar, has been accused of conspiring to transmit ransom demands, damaging protected computers, and carrying out ransomware attacks. Matveev has been linked to three specific attacks in the US, including the use of LockBit malware against law enforcement in Passai County, Hive malware against a healthcare organization in Mercer County, and Babuk malware against the Metropolitan Police Department in Washington, DC. The Babuk malware is of particular interest as its source code was released in 2021, providing a “manual” for would-be cybercriminals. The US Department of State has offered a $10 million reward for information leading to Matveev’s arrest and/or conviction. However, paying the ransomware criminals is not the end of the outlay when recovering from a ransomware attack, as the median cost of paying the criminals and relying on their decryption tools was found to be $750,000, while the median cost of recovering with backups was $375,000.

Key Points:
– The

tag is used for creating a division or section in a web page.
– Russian national Mikhail Pavlovich Matveev has been accused of conspiring to transmit ransom demands, damaging protected computers, and carrying out ransomware attacks.
– Matveev has been linked to three specific attacks in the US, using LockBit, Hive, and Babuk malware.
– The Babuk malware’s source code was released in 2021, providing a “manual” for would-be cybercriminals.
– The US Department of State has offered a $10 million reward for information leading to Matveev’s arrest and/or conviction.
– Recovering from a ransomware attack with backups is considerably cheaper than paying the ransom and relying on decryption tools.

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