Tech Crunch – Do government sanctions against ransomware groups work?

Posted on November 2, 2023

Earlier this year, the U.S. government imposed sanctions against Russian national Mikhail Matveev, an FBI most-wanted cybercriminal, who authorities accuse of being a “prolific ransomware affiliate” involved in cyberattacks in the United States and overseas. Authorities say Matveev played a major role in the development and deployment of the Hive, LockBit and Babuk ransomware variants, […]