Home » Technology » ShinyHunters Wage Broad Corporate Extortion Spree – Krebs on Security

ShinyHunters Wage Broad Corporate Extortion Spree – Krebs on Security

Teen Hackers‌ Behind Massive Ransom Spree Face‌ Justice

Law enforcement agencies are intensifying efforts to apprehend cybercrime groups responsible for a surge in ransomware attacks. Recent prosecutions highlight the involvement of young individuals in‍ large-scale extortion schemes, with alleged ⁤members of⁤ the Scattered Spider hacking group facing ‌charges related‍ to over​ $115 million in ransom‍ payments.

In⁤ late September,U.K.⁤ prosecutors ​charged ⁣two alleged​ Scattered‌ Spider members, aged ⁢18 and‍ 19, with extorting ⁢significant ransoms from‍ numerous companies. U.S. prosecutors ‌have also levied charges against 19-year-old U.K. resident Thalha Jubair,alleging ⁣his involvement in attacks ⁤targeting ⁢ Marks ​& Spencer,Harrods,the British food ​retailer Co-op,and the 2023 intrusions at MGM‌ resorts and‍ Caesars Entertainment. Jubair was also reportedly a key figure in LAPSUS$,⁤ a cybercrime group active since late 2021.

The crackdown ⁤extends beyond Jubair. ‌In⁣ August, Noah Michael‍ Urban, a‍ 20-year-old from florida, was sentenced to 10⁤ years in federal prison and ordered ⁤to pay approximately⁤ $13‍ million in restitution. additionally, in April, Tyler Robert buchanan, a 23-year-old Scottish man‌ believed to be an ‌early Scattered Spider member, was extradited from Spain to the ⁣U.S. ⁤to face ⁤charges ‌of⁣ wire fraud, conspiracy, and identity theft;​ prosecutors allege ⁢he ⁣controlled over $26 million stolen from victims.

These cases underscore a growing trend of financially motivated ⁣cybercrime perpetrated by young hackers, prompting ⁣increased ‍pressure on law enforcement to disrupt these operations and‌ bring perpetrators to justice.

You may also like

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.