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UK disrupts Russian money laundering networks used by ransomware
UK disrupts Russian money laundering networks used by ransomware
By Sergiu Gatlan
December 4, 2024
A law enforcement operation led by the United Kingdom's National Crime Agency (NCA) has disrupted two Russian money laundering networks working with criminals worldwide, including ransomware gangs.
Dubbed "Operation Destabilise," this international investigation has led to the arrest of 84 Russian-speaking suspects linked to the Smart (led by Ukrainian George Rossi) and TGR (controlled by Russian Ekaterina Zhdanova) criminal organizations.
"The networks also support Russian cyber criminals to launder their illicit profits. In 2021, Zhdanova laundered over $2.3million of suspected ransoms paid in crypto by victims to the Ryuk ransomware group," the NCA said today.
"The NCA assesses that the group, members of which were sanctioned by the UK in 2023, was responsible for extorting at least £27m from 149 UK victims, including hospitals, schools, businesses and local authorities. However, their true impact is likely to be much higher."
Snip...more...
https://www.bleepingcomputer.com/news/security/uk-disrupts-russian-money-laundering-networks-used-by-ransomware/
By Sergiu Gatlan
December 4, 2024
A law enforcement operation led by the United Kingdom's National Crime Agency (NCA) has disrupted two Russian money laundering networks working with criminals worldwide, including ransomware gangs.
Dubbed "Operation Destabilise," this international investigation has led to the arrest of 84 Russian-speaking suspects linked to the Smart (led by Ukrainian George Rossi) and TGR (controlled by Russian Ekaterina Zhdanova) criminal organizations.
"The networks also support Russian cyber criminals to launder their illicit profits. In 2021, Zhdanova laundered over $2.3million of suspected ransoms paid in crypto by victims to the Ryuk ransomware group," the NCA said today.
"The NCA assesses that the group, members of which were sanctioned by the UK in 2023, was responsible for extorting at least £27m from 149 UK victims, including hospitals, schools, businesses and local authorities. However, their true impact is likely to be much higher."
Snip...more...
https://www.bleepingcomputer.com/news/security/uk-disrupts-russian-money-laundering-networks-used-by-ransomware/
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