Connect with us

Hi, what are you looking for?

SecurityWeekSecurityWeek

Cybercrime

US Offers $10 Million Reward for Ukrainian Ransomware Operator

Volodymyr Tymoshchuk allegedly hit hundreds of organizations with the LockerGoga, MegaCortex, and Nefilim ransomware families.

Hacker reward

The US on Tuesday announced a reward of up to $10 million for information on a Ukrainian national indicted for his role in administering the LockerGoga, MegaCortex, and Nefilim ransomware families.

The individual, Volodymyr Viktorovich Tymoshchuk, also known as Boba, Deadforz, Farnetwork, and Msfv, 28, is accused of compromising the networks of hundreds of organizations in the US and abroad, to deploy ransomware and extort ransom payments from the victims.

According to a May 2024 superseding indictment that was unsealed on Tuesday, the intrusions caused hundreds of millions of dollars in losses, including costs related to remediation, damage caused to computers, and ransom payments.

The ransomware executable, the indictment alleges, was customized for each victim, so that the attackers could create decryption keys that would work only for a specific organization.

“If a victim paid the ransom demand, the perpetrators would send a decryption tool, which enabled the victim to decrypt the computer files locked by the ransomware program,” the US Department of Justice notes.

Between July 2019 and June 2020, the indictment says, Tymoshchuk and his co-conspirators hit over 250 organizations in the US and hundreds more abroad with the LockerGoga and MegaCortex ransomware, including entities in France, Germany, the Netherlands, Norway, and Switzerland.

Advertisement. Scroll to continue reading.

Because law enforcement notified the victims of the intrusions, many of the extortion attempts were unsuccessful, as the attack was neutralized before file-encrypting ransomware could be deployed.

Starting July 2020 through October 2021, Tymoshchuk was an administrator of the Nefilim ransomware, providing other miscreants with access to the malware in exchange for 20% of the payments received from the victims, the indictment alleges.

One of the Nefilim ransomware affiliates, Ukrainian national Artem Stryzhak, was extradited to the US after being arrested in Spain in 2024, the US announced in May.

Decryption keys for LockerGoga and MegaCortex were released publicly via the No More Ransomware Project, enabling victims to recover their data without paying a ransom.

Under the Transnational Organized Crime Rewards Program (TOCRP), the US Department of State is offering a reward of up to $10 million for information leading to the arrest and/or conviction of Tymoshchuk.

The US is also offering rewards of up to $1 million for information on other key leaders of the LockerGoga, MegaCortex, and Nefilim ransomware families.

Related: US Offers $10 Million for Three Russian Energy Firm Hackers

Related: Book Review: Infected – A Candid Look at VirusTotal’s Birth and Legacy

Related: Dutch Used Pegasus Spyware on Most-Wanted Criminal: Report

Related: Alleged Hacker Arraigned on $1.4 Million Cryptocurrency Fraud Charges

Written By

Ionut Arghire is an international correspondent for SecurityWeek.

Trending

Daily Briefing Newsletter

Subscribe to the SecurityWeek Email Briefing to stay informed on the latest threats, trends, and technology, along with insightful columns from industry experts.

With "Shadow AI" usage becoming prevalent in organizations, learn how to balance the need for rapid experimentation with the rigorous controls required for enterprise-grade deployment.

Register

Delve into big-picture strategies to reduce attack surfaces, improve patch management, conduct post-incident forensics, and tools and tricks needed in a modern organization.

Register

People on the Move

Neill Feather has been named Chief Executive Officer at Point Wild.

Oasis Security has appointed Michael DeCesare as President.

Sterling Wilson has joined IGEL as Global Field CTO, Business Continuity and Disaster Recovery.

More People On The Move

Expert Insights

Daily Briefing Newsletter

Subscribe to the SecurityWeek Email Briefing to stay informed on the latest cybersecurity news, threats, and expert insights. Unsubscribe at any time.