French police detain suspect who laundered €19 million in ransomware payments
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French authorities have arrested a suspect this week for allegedly laundering more than €19 million (~$21.4 million) in ransomware payments. Authorities have not released the suspect's name, who was only identified as a male from the Vaucluse department in southeast France, nor the name of the ransomware group with whom he collaborated. The arrest this week comes as law enforcement agencies across the world have begun collaborating and cracking down on ransomware operations after years of repeated attacks, some of which have crippled government agencies and private sector companies time and time again. Among the crackdowns against ransomware groups this year, the list includes:
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Catalin Cimpanu
is a cybersecurity reporter who previously worked at ZDNet and Bleeping Computer, where he became a well-known name in the industry for his constant scoops on new vulnerabilities, cyberattacks, and law enforcement actions against hackers.
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