Inside Operation Destabilise: How a ransomware investigation linked Russian money laundering and street-level drug dealing
U.K. investigators tell the story of how examining a cybercrime group's extortion funds helped to unravel a money-laundering network reaching from the illegal drug trade to Moscow's elite.
Cybercriminals operating ransomware as a service from overseas continue to be responsible for most high-profile cybercrime attacks against the UK
The deployment of ransomware remains the greatest serious and organised cybercrime threat, the largest cybersecurity threat, and also poses a risk to the UK’s national security. Ransomware attacks can have a significant impact on victims due to financial, data, and service losses, which can lead to business closure, inaccessible public services, and compromised customer data. Threat actors are typically based in overseas jurisdictions where limited cooperation makes it challenging for UK law enforcement to disrupt their activities.
Ransomware payments drop to record low of 28% in Q1 2024
Ransomware actors have had a rough start this year, as stats from cybersecurity firm Coveware show that the trend of victims declining to pay the cybercriminals continues and has now reached a new record low of 28%.
