Federal Security Service (FSB) | Breaking Cybersecurity News | The Hacker News

In an unprecedented move, Russia's Federal Security Service (FSB), the country's principal security agency, on Friday disclosed that it arrested several members belonging to the notorious REvil ransomware gang and neutralized its operations. The surprise takedown, which it said was carried out at the request of the U.S. authorities, saw the law enforcement agency conduct raids at 25 addresses in the cities of Moscow, St. Petersburg, Moscow, Leningrad and Lipetsk regions that belonged to 14 suspected members of the organized cybercrime syndicate. "In order to implement the criminal plan, these persons developed malicious software, organized the theft of funds from the bank accounts of foreign citizens and their cashing, including through the purchase of expensive goods on the Internet," the FSB  said  in a statement. In addition, the FSB seized over 426 million rubles, including in cryptocurrency, $600,000, €500,000, as well as computer equipment, crypto wallets u

Exploit kits are one of the dangerous cyber crime tool, where The Phoenix Exploit Kit is a good example of exploit packs used to exploit vulnerable software on the computers of unsuspecting Internet users. The Phoenix Exploit Kit is available for a base price of $2,200 in underground market by its malware author or developer.  Like other exploit kits , Phoenix also developed to exploit browser-based  vulnerabilities in outdated and insecure versions of browser plugins like Java, and Adobe Flash and Reader. Developer of Phoenix is known by nickname AlexUdakov on several forums. According to new investigation report published by  krebsonsecurity , AlexUdakov was also member of a forum called Darkode , whose administrator accounts were compromised few weeks before and that the intruders were able to gain access to private communications of the administrators.  Intruders was able to view full profiles and database of Darkode members, as well as the private email addres