Russian Citizen Accused of Masterminding Medibank Ransomware Attack Faces US Sanctions

The U.S. government sanctioned a Russian national for allegedly playing a “pivotal role” in the ransomware attack against Australian health insurance giant Medibank that exposed the sensitive information of almost 10 million patients. The breach is believed to have impacted several high-profile Medibank customers, including senior Australian government lawmakers. The U.S. Treasury Department sanctioned Ermakov shortly after the Australian government imposed first-of-its-kind sanctions against the Russian national. According to the U.S. Treasury, REvil ransomware has been deployed on approximately 175,000 computers worldwide, garnering at least $200 million in ransom payments. The FSB’s surprise operation came just months after the U.S. Department of Justice charged a 22-year-old Ukrainian citizen linked to the REvil ransomware gang due to his alleged role in the Kaseya attack.

Prominent Startup Accuses Carta, the Cap Table Management Firm, of Unethical Tactics

Henry Ward Headshot
But a prominent customer is now accusing Carta of misusing sensitive information that startups entrust to the company in pursuit of its own goals. The claim is raising wider questions about how Carta operates, even as Carta argues the incident was isolated. Feeling betrayed by Carta, Saarinen wrote on LinkedIn, “This might be the end of Carta as the trusted platform for startups. Ward also said the email to the Linear investor is not something that Carta condones. The cap table business and the CartaX (private stock liquidity) business are separate business units with separate teams and leadership.

“Encountering the Cyber-Criminals of the Future: A Look into 2023”

Cyber Criminals Indicted
This year was no different to last: we saw another round of high-profile busts, arrests, sanctions, and prison time for some of the most prolific cybercriminals in recent years. Twitter took drastic measures to rid the hackers from its network by temporarily blocking all of the site’s 200-million-plus users from posting. A New York judge sentenced the 24-year-old hacker to five years in prison, two of which O’Connor already served in pre-trial custody. Federal prosecutors this year accused a former Amazon employee of hacking into a cryptocurrency exchange and stealing millions worth of customers’ crypto. Why did a Russian man accused by U.S. prosecutors of ransomware attacks burn his passport?