Canadian cryptocurrency ransomware attacker busted

Canadian cryptocurrency ransomware attacker busted

The man behind the NetWalker ransomware now faces prosecution

A bust against the NetWalker ransomware has been recently announced by the Department of Justice. As a result of the investigation, a Canadian national has been charged and hundreds of thousands of dollars in cryptocurrency seized. In an effort to disrupt the “sophisticated form of ransomware,” on Thursday, the Justice Department took action against NetWalker.

In a DOJ statement, it was expressed that several industries have been impacted because of NetWalker to this situation, including the healthcare industry, as apparently, the person was looking to take advantage of the crisis for extorsion. In addition to the DOJ, Bulgaria’s National Investigative Service also decided to take charge in the raid, which, as a result, a hidden-dark web resource that was used as a communication bridge between the victims and attackers was found and seized.

As per a report from the investigation result, Sébastien Vachon-Desjardins of Gatineau, the Canadian involved in this situation, stole a total of $27.6 million from the scam, and a total of $4454,630.19 in cryptocurrency from the ramson payment was also seized. Nicholas L. McQuaid, Acting Assistant Attorney General, added, “We are striking back against the growing threat of ransomware by not only bringing criminal charges against the responsible actors but also disrupting criminal online infrastructure.”

According to the DOJ, The NetWalker ransomware would operate as a program that gave the developers the option to update ransomware if needed by encrypting the user’s data before providing a ransom note containing instructions for payment.

 

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