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United States of America, Britain And Australia Sanctions were announced Wednesday against a Russia-based web hosting service for allegedly running a ransomware operation aimed at helping criminals avoid detection by law enforcement.
Media Land, which authorities say is one of the companies that sells access to servers and other computer infrastructure and enables such criminal activities, was penalized along with three members of its leadership team and three affiliated businesses in an operation coordinated with the FBI. treasury department,
Also cited was Hypercore Ltd., described by Treasury as the lead company of Aza Group, an Internet service provider designated by the United States earlier this year.
The sanctions are intended to deny designated businesses and individuals access to any assets or financial assets held in the US, UK and Australia. Also, the penalties are intended to deter companies and citizens of those countries from doing business with sanctioned entities and people.
Banks and financial institutions that violate that restriction may themselves become subject to sanctions or enforcement actions.
Earlier this year, the US, Britain and Australia imposed sanctions on Russian web-hosting service provider Zservers and two Russian individuals accused of managing a service in support of the Russian ransomware syndicate Lockbit.
RansomwareThe costliest and most disruptive form of cybercrime, it can severely disrupt local governments, court systems, hospitals and schools, as well as businesses. Most of the gangs are based in former Soviet states and are beyond the reach of Western courts.