Bulletin
Investor Alert

New York Markets Close in:

Market Pulse Archives

Dec. 5, 2019, 10:31 a.m. EST

Evil Corp, Russia-based cybercriminal group, hit with U.S. sanctions

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

or Cancel Already have a watchlist? Log In

By Robert Schroeder

The U.S. Treasury Department said Thursday it is sanctioning Russia-based cybercriminal group Evil Corp, alleging it has illicitly earned at least $100 million through "Dridex" malware. The Trump administration's action includes a $5 million reward for information leading to the capture of Evil Corp's leader, Maksim Yakubets. Treasury Secretary Steven Mnuchin said in a statement that the U.S. action was coordinated with the U.K.'s National Crime Agency. "Our goal is to shut down Evil Corp, deter the distribution of Dridex, target the 'money mule' network used to transfer stolen funds, and ultimately to protect our citizens from the group's criminal activities," Mnuchin said. The Treasury said that as of 2016, Evil Corp had harvested banking credentials from customers at around 300 institutions in more than 40 countries, "making the group one of the main financial threats faced by businesses."

This Story has 0 Comments
Be the first to comment
More News In
Economy & Politics

Story Conversation

Commenting FAQs »
Link to MarketWatch's Slice.