Catalin Cimpanu reports:
A Russian man has pleaded guilty to hacking US companies and selling access to ransomware groups.
Aleksei Olegovich Volkov went online under the hacker name of chubaka.kor, and worked as an initial access broker (IAB) for the Yanluowang ransomware.
Volkov used various techniques to breach a corporate employee’s account, escalate access to the employer’s network, and then sold that access to other cyber criminals.
According to court documents, between July 2021 and November 2022, Volkov regularly sold access to individuals who later deployed the Yanluowang ransomware.
Investigators tied Volkov to intrusions and subsequent ransomware attacks on seven US companies, including a bank, a telco, and an engineering firm.
Read more at Risky Bulletin.