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

Aditya Birla Ventures invests in GenAI Company Articul8 AI

by DigitalCIO Bureau
January 9, 2026
0
AMD Acquires Open-Source AI Software Expert Nod.ai

Aditya Birla Ventures has announced its investment in the first tranche of Articul8 AI, Inc.’s oversubscribed Series B financing round. Articul8 AI, an enterprise generative AI (GenAI) software...

Read moreDetails

Snowflake Acquires Observe

by DigitalCIO Bureau
January 9, 2026
0
CRISIL To Acquire Bridge To India Energy

Snowflake has signed a definitive agreement to acquire Observe, a leader in AI-powered observability. With this acquisition, Snowflake will deliver the next generation of AI-powered observability, built on open standards...

Read moreDetails

CrowdStrike Acquires Identity Security Startup SGNL

by DigitalCIO Bureau
January 9, 2026
0
CrowdStrike Launches on Amazon Business

CrowdStrike has signed a definitive agreement to acquire SGNL, a leader in Continuous Identity. This acquisition will accelerate CrowdStrike’s leadership in Next-Gen Identity Security, enabling access for human, non-human (NHI),...

Read moreDetails

Veeam Closes Security Vulnerabilities in Backup & Replication Software

by DigitalCIO Bureau
January 8, 2026
0
Veeam Updates Ransomware Protection and Security for Kubernetes with New Release of Kasten by Veeam K10 V6.5 

Veeam is addressing several security vulnerabilities in its Backup & Replication software. These include a critical vulnerability that could allow remote code execution. The vulnerability, designated CVE-2025-59470, has...

Read moreDetails

eScan Report: India’s Critical Infrastructure in the Crosshairs of AI-Powered Cyber Warfare

by DigitalCIO Bureau
January 8, 2026
0
eScan Unveils Vision Core XDR

By Govind Rammurthy, CEO & Managing Director, eScan When India launched Operation Sindoor in May 2025, responding to the brutal Pahalgam terror attack, most Indians watched missile strikes...

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

Sophos Named A Leader In 2023 Gartner Report

Sophos Named A Leader In 2023 Gartner Report

January 25, 2024
HCLTech infuses GenAI into MRO solution

HCLTech infuses GenAI into MRO solution

May 30, 2024

Spirent Releases 5G Outlook Report

February 14, 2020

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 Barracuda 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 Internet of Things (IoT) Kaspersky Microsoft New Relic NTT DATA NVIDIA Palo Alto Networks Panel Discussion Qlik Salesforce ServiceNow Sophos 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?