🎁 💸 Warren Buffett's Top Picks Are Up +49.1%. Copy Them to Your Watchlist – For FreeCopy Portfolio

U.S., Britain impose sanctions on Russia's Trickbot hacking gang

Published 09/02/2023, 15:21
Updated 09/02/2023, 23:06
© Reuters. FILE PHOTO: Russian hacking underground newsletter is seen in this illustration taken, December 19, 2022 REUTERS/Dado Ruvic/Illustration/File Photo

By Raphael Satter and Suzanne Smalley

WASHINGTON (Reuters) - The United States and Britain have imposed sanctions against seven leading members of a notorious Russian hacking gang known as Trickbot, officials announced on Friday.

Trickbot's malicious software at one point was counted among one of the internet's most pernicious security threats, capable of stealing financial data, spreading across networks, and dropping ransom software.

The group behind it was seen as particularly ruthless. In its announcement outlining the move, the U.S. Treasury noted that, "during the height of the COVID-19 pandemic in 2020, Trickbot targeted hospitals and healthcare centers, launching a wave of ransomware attacks against hospitals across the United States."

U.S. Secretary of State Antony Blinken said in a statement that the United States and Britain were "committed to using all available authorities to defend against cyber threats." British officials hailed the first-of-its-kind deployment of sanctions against cybercriminals and said it was just the "first wave" in "new coordinated action" against such groups.

"This is a hugely significant moment for the UK and our collaborative efforts with the U.S. to disrupt international cyber criminals," Britain's National Crime Agency Director-General Graeme Biggar said in a statement.

Although Trickbot's malicious software has not been deployed for a couple of years, the individuals behind it remain active and still appear to be working together, according to Allan Liska, a threat intelligence analyst with Recorded Future.

At one point cybersecurity experts say Trickbot's operations appear to have been taken over by another ransomware gang, dubbed Conti. Both Trickbot and Conti were accused by U.S. and British authorities of having ties to the Russian intelligence services.

The Russian Embassies in Washington and London did not immediately return a message seeking comment. Reuters could not immediately locate contact details for the alleged hackers.

Sanctions tend to be largely symbolic given that Russia is already heavily sanctioned and cybercriminals based there tend to steer clear of the United States or Britain.

But Liksa said the move still made it harder for hackers to launder their money.

© Reuters. FILE PHOTO: Russian hacking underground newsletter is seen in this illustration taken, December 19, 2022 REUTERS/Dado Ruvic/Illustration/File Photo

He said that U.S. officials had been lobbying to get other countries to impose sanctions on cybercriminals.

"The fact that we've got the UK doing this with us is a sign that other countries are seeing this as a viable option for punishing the bad guys," he said.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.