Security News > 2024 > March > LockBit ransomware affiliate gets four years in jail, to pay $860k
Russian-Canadian cybercriminal Mikhail Vasiliev has been sentenced to four years in prison by an Ontario court for his involvement in the LockBit ransomware operation.
The man was a key member of the notorious LockBit ransomware gang, involved in many of the operation's high-profile attacks.
Over time, LockBit has undergone significant evolution, making various iterations of its locker available to affiliates and almost releasing its fourth major version when a global law enforcement operation disrupted its activities.
The disruption was accompanied by several arrests of high-profile LockBit affiliates and core team members, with the U.S. State Department announcing rewards of up to $15 million for information on Lockbit members and associates.
LockBit ransomware returns to attacks with new encryptors, servers.
LockBit ransomware returns, restores servers after police disruption.