DigitalCIO
No Result
View All Result
  • Home
  • Tech News
  • Market Insights
  • CIO Interviews
  • Events and Conferences
  • Opinion and Analysis
  • Resources
DigitalCIO
  • Home
  • Tech News
  • Market Insights
  • CIO Interviews
  • Events and Conferences
  • Opinion and Analysis
  • Resources
No Result
View All Result
Digitalcio
No Result
View All Result
Home Tech News

Cybersecurity Experts Plead Guilty to US Ransomware Attacks

DigitalCIO Bureau by DigitalCIO Bureau
January 3, 2026
in Tech News
0
Majority Organizations View Ransomware as a Top-three Threat to the Viability of the Business
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter

Two American cybersecurity experts pleaded guilty in a Florida federal court on Monday to a series of devastating ransomware attacks. The duo used the notorious ALPHV BlackCat software to extort American companies, while paradoxically working in the very sector that is supposed to prevent such attacks.

The suspects, Ryan Goldberg (40) from Georgia and Kevin Martin (36) from Texas, admitted that they held several organizations in the United States hostage between April and December 2023. According to the US Department of Justice, they did not use their specialized knowledge and training to secure systems, but to exert digital coercion for personal gain.

A hostage situation from within

The case is painful for the cybersecurity industry because both men possessed advanced skills to protect digital infrastructure. “These defendants used their experience to commit precisely the crimes they were supposed to stop,” said Assistant Attorney General A. Tysen Duva. “Internet extortion is just as damaging to innocent citizens as stealing money directly from their wallets.”

The duo operated under a Ransomware-as-a-Service (RaaS) model. They struck a deal with the administrators of the ALPHV BlackCat software: in exchange for access to the platform, the men would hand over 20 percent of the proceeds to the developers. They kept the remaining 80 percent for themselves.

Millions in Bitcoin loot

Court documents reveal just how lucrative the criminal activities were. In a single attack, Goldberg and Martin managed to extract approximately $1.2 million in Bitcoin from a victim. The profits were then divided among themselves and laundered through various methods.

The ALPHV BlackCat group is one of the world’s most active ransomware groups, estimated to have claimed more than a thousand victims worldwide. In December 2023, the FBI struck a blow against the group by developing a decryption tool that allowed hundreds of victims to restore their systems without paying. This saved companies approximately $99 million in ransom payments at the time.

Up to 20 years in prison

According to US authorities, the arrest of Goldberg and Martin proves that cyberthreats don’t always originate abroad. “Ransomware isn’t just a foreign threat; it can also come from within our own borders,” said District Attorney Jason A. Reding Quiñones.

The two men face heavy sentences. They have pleaded guilty to conspiracy to commit racketeering, a crime punishable by a maximum of 20 years in prison in the United States. A final sentencing hearing is scheduled for March 12, 2026.

The FBI is urging businesses to remain vigilant and warns that even third-party incident response providers must be thoroughly vetted. Ransomware victims are encouraged to report the incident immediately to prevent further spread of the malware.

Tags: Cybersecurity
Share30Tweet19
DigitalCIO Bureau

DigitalCIO Bureau

Recommended For You

Adobe Teams Up with Tesco to Personalise Experiences and Reward Loyalty for Tesco’s Customers

by DigitalCIO Bureau
April 14, 2026
0
Adobe Teams Up with Tesco to Personalise Experiences and Reward Loyalty for Tesco’s Customers

Adobe and Tesco have announced a new strategic AI partnership aimed at delivering more personalised, timely and relevant shopping experiences to Tesco customers across digital channels. The deal...

Read moreDetails

Cloudflare Supercharges Agent Cloud to Supercharge autonomous Next-Gen AI Agents

by DigitalCIO Bureau
April 14, 2026
0
Cloudflare Supercharges Agent Cloud to Supercharge autonomous Next-Gen AI Agents

Cloudflare has announced a major expansion of its Agent Cloud platform, aiming to become the core infrastructure for the next generation of autonomous AI agents running at global...

Read moreDetails

Deloitte India launches QCoDE at IIT-Bombay’s ASPIRE Research Park

by DigitalCIO Bureau
April 13, 2026
0
Deloitte India launches QCoDE at IIT-Bombay’s ASPIRE Research Park

Deloitte India has unveiled its Quantum Centre of Disruption for Enterprises (QCoDE) at the ASPIRE IIT-B Research Park on the IIT-Bombay campus, creating a dedicated hub to fast-track...

Read moreDetails

CloudExtel’s Credit Profile Strengthens with CARE A+ Rating Upgrade

by DigitalCIO Bureau
April 13, 2026
0
CloudExtel’s Credit Profile Strengthens with CARE A+ Rating Upgrade

Strong profitability growth, scaling digital infrastructure, and robust financial profile drive rating upgrade CloudExtel announced that CARE Ratings has significantly upgraded the rating for its long-term bank facilities...

Read moreDetails

Infosys Partners with Harness to Advance AI-Driven Enterprise Transformation and Modernization

by DigitalCIO Bureau
April 10, 2026
0
Infosys Partners with Harness to Advance AI-Driven Enterprise Transformation and Modernization

Infosys and software delivery platform company Harness have announced a strategic collaboration aimed at helping enterprises accelerate transformation and modernization efforts through artificial intelligence-led capabilities. The partnership brings...

Read moreDetails
Next Post
OpenText Names LockBit  Nastiest Malware Of 2024

New Malware Campaign Steals Information from WebEx, Teams and Zoom Meetings

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Related News

Meta Networks and Talari Networks Partner

August 28, 2018
NTT DATA launches New AI Tool

NTT DATA launches New AI Tool

January 29, 2025
 Cloudera Announces Updates to its Platform

 Cloudera Announces Updates to its Platform

November 25, 2025

Browse by Category

  • Acquisition
  • Appointment
  • Archive
  • Artificial Intelligence
  • CIO Interviews
  • Cloud
  • Datacenter
  • Events and Conferences
  • Market Insights
  • News
  • Opinion and Analysis
  • Products
  • Resources
  • Security
  • Storage
  • Tech News
  • Telecom
Digitalcio

Welcome to DigitalCIO, your ultimate source for staying ahead in the ever-evolving world of technology and business.

BROWSE BY TAG

Acquisition AI Appointment artificial intelligence Artificial Intelligence and Machine Learning AWS Big Data and Analytics Blockchain CISCO Cloud Computing Cloudflare Commvault CrowdStrike Cybersecurity Digital Transformation Dynatrace E-books Fortinet Gartner GenAI Generative AI Google Cloud IBM Infographics Infosys Internet of Things (IoT) Kaspersky Microsoft NTT DATA NVIDIA Palo Alto Networks Panel Discussion Qlik Salesforce Sophos Tata Consultancy Services TCS Tenable Trend Micro Veeam Veeam Software Vertiv Webinars Whitepaper Zscaler

CATEGORIES

  • Tech News
  • Market Insights
  • CIO Interviews
  • Events and Conferences
  • Opinion and Analysis
  • Resources
  • Archive

NAVIGATION

  • Home
  • About Us
  • Advertise with Us
  • Contact Us

© 2024 digitalcio.in - All rights reserved.

No Result
View All Result
  • Home
  • Tech News
  • Market Insights
  • CIO Interviews
  • Events and Conferences
  • Opinion and Analysis
  • Resources

© 2024 digitalcio.in - All rights reserved.

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?