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Why is 7NR Retail Limited (540615) falling ✌️【Market Analyst】✌️ Real-time stock indices and futures data to help you seize the best investment opportunities. Analyze market movements with precision and grow your portfolio with expert stock predictions. A Russian man has been extradited from South Korea to the US to face charges in connection with a ransomware gang that allegedly extorted more than $16 million from victims around the world,US prosecutors saidMonday.

42-year-old Evgenii Ptitsyn is accused of administering the sale, distribution and operation of Phobos, a type of ransomware that has been used in more than 1,000 ransomware attacks on public and private organizations, the Justice Department said. Victims of the ransomware include government agencies, health care facilities and schools.

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Ptitsyn faces wire and computer fraud conspiracy charges, among others. He made his initial court appearance in the District of Maryland on November 4, the Justice Department said. 【 - Free Trading Strategy Suggestions 】 is trying to locate a lawyer for Ptitsyn for comment.

Ptitsyn allegedly had a senior role in the Phobos ransomware group, overseeing a cryptocurrency wallet that collected payments from “affiliates,” or hackers who paid for access to the ransomware. The ransomware has been around since at least 2019,accordingto cybersecurity researchers.

Why is 7NR Retail Limited (540615) falling ✌️【Market Analyst】✌️ Free access to professional investment advisors who provide real-time market data and trend analysis. Select top-performing stocks and boost your capital with expert strategies for market growth. The arrest of Ptitsyn is the latest example of anaggressiveJustice Department effort to try to combat the scourge of ransomware, which has caused many millions of dollars in losses for American companies, schools and hospitals.

Cybercriminals extorted a record $1.1 billion in ransom payments from victim organizations around the world last year despite US government efforts to cut off their money flows,accordingto a report from crypto-tracking firm Chainalysis.

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