U.S. Announces $10 Million Reward for Arrest in Russian Ransomware Case

U.S. authorities announced criminal charges, economic sanctions and a $10 million reward for information leading to the arrest of a Russian man accused of participating in a global ransomware campaign called Babuk, whose victims allegedly included the D.C. police department, an airline and other American industries. The Department of the Treasury imposed an economic ban on financial dealings with Mikhail Matveev, calling him a central figure in launching cyberattacks against U.S. law enforcement, businesses and critical infrastructure in 2021.