After the payment of $10M Garmin could face penalty

A multinational tech company has been operating at less than full capacity following a ransomware attack. The attack was launched by the Russian cybergang, Evil Corp. Garmin have paid $10M to regain the access of their system. 

The WastedLocker ransomware took down the company’s website, customer support services, navigation solutions and other services such as flyGarmin, Confirmed by an unidentified garmin employee. 

Maksim Yakubets, a Russian individual is the leader of the cybercriminal group. He was indicated by the US Department of justice in 2019. He was also listed in the FBI “Most Wanted” list with a reward set at $5 million which was the highest amount offered by the authorities for the arrest of a cybercriminal. 

The US has sanctioned Evil Corp. members in 2019

According to the latest news, Garmin have paid for the ransom and due to the sanctions against the criminals behind the attack, they could be in trouble with the US government. 

During an interview, Brett Callow, threat analyst at malware lab, Emsisoft, commented on the garmin’s dilemma: 

The listing says that Yakubets, is involved with a computer malware that infected tens of thousands of computers in both North America and Europe. Because of this malware they have to face losses worth around $100 million. 

Cybercriminal group provide assistance to the Russian government

The US government also claimed that Yakubets and his partner, Igor Tursashev, provided “direct assistance to the Russian government”. 

According to a study recently published by the cybersecurity firm Fox-IT, Evil Corp has developed the WastedLocker ransomware. They have been actively using this ransomware for cyberattacks since May 2020.

There are reports that this group has asked for a combined total of $10 million from various U.S. based companies.