spot_img

Russian Ransomware Attacks On Ukraine Faces Major Roadblocks

Share post:

Russian ransomware gangs’ attacks on Ukraine have faced significant obstacles that have prevented them from having their full effect.

Notorious ransomware gangs such as Conti, Lockbit and others have instead chosen to remain politically neutral in the face of events in Ukraine.

Although the Conti ransomware gang had initially supported President Putin’s government, they were forced to remain neutral after internal chats of the criminal group were published online.

“We do not ally with any government and we condemn the ongoing war,” the group later said on its website.

“For us, it is just business and we are all apolitical. We are only interested in money for our harmless and useful work. We will never, under any circumstances, take part in cyber attacks on critical infrastructures of any country in the world or engage in any international conflicts,” explained Lockbit Ransomware on its website.

Many believe the decision to remain neutral in the Lockbit case is due to a loophole in cybersecurity insurance.

The “force majeure” policy prevents insurers from covering the cost of a ransomware attack during a war.

For more information, read the original story in Reuters.

spot_img

SUBSCRIBE NOW

Related articles

Microsoft announces enhanced security feature for OneNote

Microsoft has released further information on the increased security measures it is deploying for OneNote in order to...

Russian hacker group steals Emails of NATO officials and diplomats

Since February 2023, a Russian hacking gang known as TA473 or 'Winter Vivern' has targeted unpatched Zimbra endpoints...

Canadian cybersecurity accelerator counts its accomplishments

A Canadian university-associated business accelerator for helping early-stage cybersecurity companies says its first two years of operation have been more than satisfactory. The Rogers Cybersecure Catalyst Accelerator has had “an incredible impact” on Canadian cybersecurity entrepreneurs and founders, executive director Charles Finlay said this week in the first report on the program’s progress. Despite having

Crackdown on ransomware gangs yet to show an impact: OpenText

In its annual cybersecurity report OpenText also looked at malware, phishing and infec

Become a member

New, Relevant Tech Stories. Our article selection is done by industry professionals. Our writers summarize them to give you the key takeaways