Cyber Risks · Krebs on Security

Estonian Tied to 13 Ransomware Attacks Gets 66 Months in Prison

Summary: Maksim Berezan, a 37-year-old Estonian national, was sentenced to 66 months in a U.S. prison and ordered to pay $36 million in restitution for his role in at least 13 ransomware attacks that caused approximately $53 million in losses. Prosecutors said Berezan, a longtime member of the DirectConnection cybercrime forum who went by the alias "Albanec," participated in 13 ransomware attacks, 7 against U.S. victims, with roughly $11 million in ransom payments flowing into cryptocurrency wallets he controlled.

What's compelling: The $53 million in losses against $36 million in restitution and a 66-month term shows how far the recovery gap runs: the victims absorb the difference, and the operator's own take was about $11 million in ransom payments.

Read the original at Krebs on Security ↗

Topics
Cybercrime & Law Enforcement
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