A major international police operation has resulted in the arrest of two individuals suspected of carrying out ransomware attacks worldwide. The operation also led to the takedown of dark web platforms associated with a notorious cybercrime group.
Suspects Arrested in Thailand
Law enforcement authorities apprehended two Russian nationals in Phuket, Thailand, accusing them of orchestrating cyberattacks on businesses and institutions across multiple countries. Reports suggest that their activities led to financial losses amounting to millions of dollars, with ransom payments made in cryptocurrency.
The investigation was conducted in collaboration with Swiss authorities, who have requested the extradition of the suspects. Officials believe that these individuals were behind ransomware attacks on at least 17 Swiss organizations between April 2023 and October 2024.
How the Cyberattacks Were Carried Out
The hackers allegedly infiltrated computer networks, encrypting crucial data and demanding payment in digital currency in exchange for restoration. Victims who refused to pay faced the risk of having their sensitive information leaked online.
Authorities revealed that the attackers used Phobos ransomware, a type of malicious software designed to lock files and prevent access unless a ransom is paid. Over time, the hackers are believed to have amassed around $16 million from thei
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