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Russia-Based Evil Corp Faces New US Sanctions

Author: Content Editor
The U.S. Treasury, in collaboration with the UK and Australia, has imposed sanctions on members of the Russian cybercriminal group Evil Corp. The move targets seven individuals and two entities associated with the group, which is known for using malware and ransomware to steal login credentials and demand ransom payments in cryptocurrency. The U.S. also indicted one member for using Bitpaymer ransomware against U.S. victims. The group has strong ties to Russian officials, with some using their influence to protect Evil Corp from legal consequences. The Treasury Department aims to dismantle the group's operations and warns financial institutions and entities engaging with the sanctioned individuals of severe penalties. This action coincides with the U.S.-hosted Counter Ransomware Initiative summit, involving over 50 countries collaborating to combat the threat of ransomware.

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