• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

Trump, who has repeatedly called climate change fake, is now threatening Brazil with tariffs over the deforestation of the Amazon

2

Current price of oil as of June 8, 2026

3

'We didn’t see this coming': Wall Street eats its forecasts as stocks sell off globally on fear of AI bubble ahead of SpaceX IPO

1

Trump, who has repeatedly called climate change fake, is now threatening Brazil with tariffs over the deforestation of the Amazon

2

Current price of oil as of June 8, 2026

3

'We didn’t see this coming': Wall Street eats its forecasts as stocks sell off globally on fear of AI bubble ahead of SpaceX IPO
TechCybersecurity

Russian duo confess to cyber heist that forced $500 million in ransom payments

By
David Voreacos
David Voreacos
and
Bloomberg
Bloomberg
Down Arrow Button Icon
By
David Voreacos
David Voreacos
and
Bloomberg
Bloomberg
Down Arrow Button Icon
July 18, 2024, 9:34 PM ET
Lisa Monaco
Deputy Attorney General Lisa Monaco in 2024.Photo by Andrew Harnik/Getty Images

Two Russian nationals pleaded guilty to their roles in ransomware attacks in the U.S., Asia, Europe and Africa for a notorious hacking gang known as LockBit.

Recommended Video

Ruslan Magomedovich Astamirov and Mikhail Vasiliev admitted they helped to deploy the ransomware variant, which first appeared in 2020. It soon became one of the most destructive in the world, leading to attacks against more than 2,500 victims and ransom payments of at least $500 million, according to the Justice Department. 

The men pleaded guilty Thursday in federal court in Newark, New Jersey, where six people have been charged over LockBit attacks, including Dimitry Yuryevich Khoroshev, described by the US as the creator, developer and administrator of the group. US authorities are offering a reward of up to $10 million for his arrest. 

Astamirov, 21, of the Chechen Republic, and Vasiliev, 34, of Bradford, Ontario, pleaded guilty to charges including conspiracy to commit computer fraud and abuse. 

LockBit is the name of a ransomware variant, a type of malicious code that locks up computers before hackers demand a ransom to unlock them. Hacking gangs are often known by the name of their ransomware variant. LockBit successfully deployed a ransomware-as-a-service model, in which “affiliates” lease the malicious code and do the actual hacking, in exchange for paying the the gang’s leaders a cut of their illegal proceeds. Astamirov and Vasiliev were affiliates, according to the Justice Department.

In recent years, the US and its allies have aggressively tried to curb ransomware attacks by sanctioning hackers or entities associated with them or disrupting the online infrastructure of cybercriminal gangs. But many hackers are located in places such as Russia, which provide them safe haven, making it difficult for Western law enforcement to arrest them.

In February, US and UK authorities announced they disrupted LockBit operations, arresting alleged members, seizing servers and cryptocurrency accounts, and recovering decryption keys to unlock hijacked data. 

“We’ve dealt significant blows to destructive ransomware groups like LockBit, as we did earlier this year, seizing control of LockBit infrastructure and distributing decryption keys to their victims,” said Deputy Attorney General Lisa Monaco, in a statement.

Vasiliev deployed LockBit against at least 12 victims, including an educational facility in the UK and a school in Switzerland, the US said. He was arrested by Canadian authorities in November 2022 and extradited to the US in June. 

Astamirov was arrested by the FBI last year. In May 2023, he agreed to an interview with FBI agents in Arizona, where they seized his electronic devices. He initially denied having anything to do with an email account through a Russian-based provider, but agents later found records related to it on his devices, according to the arrest complaint. Records showed that Astamirov used the email to “create multiple online accounts under names either fully or nearly identical to his own name,” the complaint said. 

After August 2020, Astamirov executed cyberattacks on at least five victims, according to the FBI complaint. They included: businesses in France and West Palm Beach, Florida; a Tokyo firm, which refused to pay a ransom, leading the group to post stolen data on a “leak site” of extortion victims; a Virginia company that stopped an attack after 24,000 documents were stolen; and a Kenyan business that agreed to pay ransom after some of its stolen data was posted to the LockBit website. 

Both are scheduled to be sentenced on Jan. 8, 2025. 

About the Authors
By David Voreacos
See full bioRight Arrow Button Icon
By Bloomberg
See full bioRight Arrow Button Icon

Latest in Tech

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Tech

Traders sitting at computers react
InvestingStock
AI stocks are recovering after suddenly tanking last week as oil prices drop more than 3%
By Stan Choe and The Associated PressJune 9, 2026
1 hour ago
MIT researchers made a wristband to teach robots how to do housework and surgery
AIRobots
MIT researchers made a wristband to teach robots how to do housework and surgery
By The Associated Press and Rodrique NgowiJune 9, 2026
1 hour ago
Artistic drawing of two employees using several tools at once
AIefficiency
Why dbt Labs CEO views AI efficiency and creativity as the same thing
By Sage LazzaroJune 9, 2026
2 hours ago
Reward or threat? Omnisend offers quarterly raises for employees who use AI to drive business impact—and says those who don’t will get left behind
AIMarketing
Reward or threat? Omnisend offers quarterly raises for employees who use AI to drive business impact—and says those who don’t will get left behind
By Sage LazzaroJune 9, 2026
2 hours ago
Artistic rendering of complex systems being simplified by two workers
AILumen Technologies
How Lumen’s ‘maniacal focus’ on KPIs drove measurable AI impact across use cases and the company at large
By Sage LazzaroJune 9, 2026
2 hours ago
AI agents are flattening corporate hierarchies. Here’s how companies—and managers—can develop a new playbook
AIManagement
AI agents are flattening corporate hierarchies. Here’s how companies—and managers—can develop a new playbook
By Sharon GoldmanJune 9, 2026
2 hours ago

Most Popular

Trump, who has repeatedly called climate change fake, is now threatening Brazil with tariffs over the deforestation of the Amazon
Environment
Trump, who has repeatedly called climate change fake, is now threatening Brazil with tariffs over the deforestation of the Amazon
By Sasha RogelbergJune 8, 2026
20 hours ago
Current price of oil as of June 8, 2026
Personal Finance
Current price of oil as of June 8, 2026
By Joseph HostetlerJune 8, 2026
1 day ago
'We didn’t see this coming': Wall Street eats its forecasts as stocks sell off globally on fear of AI bubble ahead of SpaceX IPO
Economy
'We didn’t see this coming': Wall Street eats its forecasts as stocks sell off globally on fear of AI bubble ahead of SpaceX IPO
By Jim EdwardsJune 8, 2026
1 day ago
Gen Zers are arriving at college unable to even read a sentence—professors warn it could lead to a generation of anxious and lonely graduates
Success
Gen Zers are arriving at college unable to even read a sentence—professors warn it could lead to a generation of anxious and lonely graduates
By Preston ForeJune 7, 2026
2 days ago
'The golden years are not golden': Boomers are hoarding most of America's wealth and power because they're terrified of outliving their money
Economy
'The golden years are not golden': Boomers are hoarding most of America's wealth and power because they're terrified of outliving their money
By Nick LichtenbergJune 7, 2026
2 days ago
Current price of silver as of Monday, June 8, 2026
Personal Finance
Current price of silver as of Monday, June 8, 2026
By Joseph HostetlerJune 8, 2026
1 day ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.