US Announces $15 Million Reward for Information on ALPHV/BlackCat Ransomware Syndicate

20 February 2024 2 minutes Author: Newsman

The US government has announced a $15 million reward for information leading to the identification or location of key figures in the ALPHV/BlackCat ransomware syndicate, continuing its relentless campaign against the criminal group.

The ALPHV/BlackCat ransomware syndicate, known for its Ransomware-as-a-Service (RaaS) model and triple extortion tactics, rose to prominence in 2021. They are responsible for numerous attacks, including those on MGM Resorts and Caesars International, which resulted in millions in ransoms being paid. Experts believe that BlackCat could be a rebranding of the BlackMatter/DarkSide groups, increasing their longevity and ability to make money.

The US State Department has set a reward of $10 million for information about the group’s leaders and an additional $5 million for information leading to the arrest or conviction of those involved in the attacks. William Wright, CEO of Closed Door Security, emphasized the seriousness of the US government’s statement and their determination to fight cybercrime. In December 2023, the FBI managed to infiltrate and take over the group’s dark web site, leading to a “cat-and-mouse game” between them and ALPHV/BlackCat.

U.S. government efforts, including a reward for information on ALPHV/BlackCat and cooperation with other countries to root out cybercriminal groups, demonstrate a global approach to combating cyberthreats. However, despite these efforts, organizations need to remain vigilant and increase their awareness and protection against ransomware attacks.

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