A key administrator of the Phobos ransomware operation has pled guilty

[technadu@infosec.exchange]

A key administrator of the Phobos ransomware operation has pled guilty.
The RaaS network targeted 1,000+ organizations globally and generated $39M+ in ransom payments. The defendant now faces up to 20 years in prison.

Full report:
https://www.technadu.com/russian-phobos-ransomware-administrator-pleads-guilty-to-wire-fraud-conspiracy/622259/

Do arrests like this weaken ransomware ecosystems?

#Cybersecurity #Ransomware #Infosec