Ransom Cartel: 16 years in prison for the creator of the ransomware, 18 victims worldwide

KEY TAKEAWAYS

• Maksim Silnikau, creator of Ransom Cartel, sentenced to 16 years for attacks on 18 companies with losses of $6.7 million
• Ransom Cartel linked to REvil: similarities in code but differences in obfuscation functionalities
• Advanced extortion techniques: use of stolen credentials, encryption software, and cryptocurrency mixers
• Impact of attacks: prolonged operational disruptions and ransom payments up to $300,000
• The importance of a managed SOC and an MDR service for incident response and breach remediation