Cybercrime would not pay: REvil hacker receives 13-year jail sentence and $16 million positive

What simply occurred? In one other instance of why (cyber)crime would not pay, a Ukrainian hacker has been sentenced to 13 years and 7 months in jail and ordered to pay $16 million over his involvement with the REvil ransomware group. Yaroslav Vasinskyi (aka Rabotnik) performed a job in additional than 2,500 ransomware assaults that value focused organizations and people greater than $700 million.

Vasinskyi performed hundreds of ransomware assaults utilizing the Sodinokibi/REvil ransomware, encrypting victims’ programs and demanding funds in return for the decryption key.

Vasinskyi and his co-conspirators additionally used double-extortion techniques: stealing information from the programs they encrypted, permitting them to additional blackmail any victims who refused to pay up by threatening to put up their delicate info on-line.

“Deploying the REvil ransomware variant, the defendant reached out throughout the globe to demand a whole bunch of tens of millions of {dollars} from US victims,” deputy legal professional basic Lisa Monaco stated in a assertion.

Vasinskyi, 24, was arrested on Poland’s border with Ukraine on October 8, 2021, and extradited to Dallas, Texas, in March 2022. He pleaded responsible to an 11-count indictment charging him with conspiracy to commit fraud and associated exercise in reference to computer systems, injury to protected computer systems, and conspiracy to commit cash laundering.

The Justice Division writes that in 2023, it obtained the ultimate forfeiture of tens of millions of {dollars} price of ransom funds. It included 39.89138522 Bitcoin, valued at roughly $2.3 million, and $6.1 million that was traced to ransomware funds made to Vasinksyi and one other REvil ransomware gang member, Yevgeniy Polyanin.

Considered one of REvil’s best-known crimes was perpetrated in opposition to Kaseya’s VSA cloud-based system administration platform – used for distant monitoring and IT administration. The 2021 assault, which exploited a zero-day bug, is believed to have impacted over 1,500 companies, hitting all the things from pharmacies to gasoline stations.

REvil was additionally behind the assaults on JBS, for which the world’s greatest meat processor paid an $11 million ransom, and tech big Acer.

REvil operates a ransomware-as-a-service plan by which it rents out the malware to different criminals for a minimize of the victims’ funds. At one level, these renting the malware complained that REvil was stealing their ransoms.

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