Garmin reportedly pays multi-million dollar ransom to hackers

[Bradley Prior]

Garmin reportedly pays multi-million dollar ransom to hackers

Garmin has paid a ransom worth millions of dollars to the group that encrypted its data and forced it to shut down its systems, reports Sky News.

 

[My_King]

LOLOLOLOLOLOLOL

 

[Gtx Gaming]

Backup's lol?

Fire the IT department.

 

[Fjorko]

Backup's lol?

Fire the IT department.

Yeah, they clearly had none.

 

[Hemps]

Scary stuff, I'm guessing the FBI will get involved and try trace the money.
Stuff like this could also start finding terrorism.

 

[TheMightyQuin]

Scary stuff, I'm guessing the FBI will get involved and try trace the money.
Stuff like this could also start finding terrorism.

No you cannot trace the money and while we'll never know for sure, it may be funding terrorist activity already.

 

[backstreetboy]

 

[whatwhat]

Oopsie.

 

[konfab]

Backup's lol?

Fire the IT department.

LOl wE SAVe The BackUps on tHe SERVER.

 

[rietrot]

No you cannot trace the money and while we'll never know for sure, it may be funding terrorist activity already.

You can always trace the money.

 

[gregmcc]

ransomware negotiation business. There is money to be made in anything

 

[SYNERGY]

I've seen this cartoon before

The US has strict rules against any of its citizens engaging in transactions with the entities tied to Evil Corp – which is widely believed to be behind the WastedLocker ransomware that was used in the Garmin attack.

The head of Evil Corp, Maksim Yakubets, has a $5-million FBI bounty on his head and is believed to be behind major attacks on American companies and the American banking system – with attacks on the banking system causing over $100 million in financial damages.

 

[TheMightyQuin]

You can always trace the money.

You can trace Bitcoin payments made to ransomware syndicates?

I'm sure Interpol will be in touch shortly...

 

[rietrot]

You can trace Bitcoin payments made to ransomware syndicates?

I'm sure Interpol will be in touch shortly...

Read up on blockchain actually works.
Bitcoin is traceable.
The specific bitcoin wallet can be anonymous, but if it ever gets sold real money is involved again and you can identify the suspects again.

The main issue is about jurisdictions of law enforcement.

One of the main use arguments for any blockchain so far has been its transparency and traceability.

 

[TheMightyQuin]

Read up on blockchain actually works.
Bitcoin is traceable.
The specific bitcoin wallet can be anonymous, but if it ever gets sold real money is involved again and it becomes traceable again.

Well you should call the FBI immediately with Maksim Yakubets' physical location and claim that US$ 5 mill reward...

 

[Pegging]

Backup's lol?

Fire the IT department.

I think the backups would also have been affected.

The ransomeware could have been uploaded years ago and only activated now.

 

[rietrot]

Well you should call the FBI immediately with Maksim Yakubets' physical location and claim that US$ 5 mill reward...

Geez dude don't be stupid.

You actually have a name that proofs my point.

Cybercriminal Maksim Yakubets is the hacker linked to Garmin outage

The leader of the cybercrime gang linked to Garmin’s massive service outage is a big-spending playboy hacker with an affinity for sports cars and alleged ties to the Russian government. Maksi…

nypost.com

The guy is basically a celebrity.
Not even really hiding, but living the high life somewhere in Russia.

 

[Hemps]

Enable FSRM on your server's.

Anti-Ransomware File Server Resource Manager Filters

fsrm.experiant.ca

 

[Rocket-Boy]

Yeah, they clearly had none.

Im pretty sure they had backups, most likely was all network based and was compromised in the attack.

 

[TheMightyQuin]

Geez dude don't be stupid.

You actually have a name that proofs my point.

You're the one that is being stupid....

I said that that money to these guys cannot be traced...and you said that it can.

If it is so easy, why cannot even the FBI catch these guys or at least get the money back?

The specific bitcoin wallet can be anonymous, but if it ever gets sold real money is involved again and you can identify the suspects again.

Why would a syndicate like this, ever do what you describe above?