A new wave of cybercrime has shaken the world: the hacker group Embargo, which has collected over $34.2 million in cryptocurrency since April 2024, is linked to the notorious group BlackCat/ALPHV. According to TRM Labs, Embargo employs double extortion tactics, attacking critical infrastructure in the U.S., including hospitals, and demanding ransoms of up to $1.3 million. Experts believe that Embargo may be a rebranding of BlackCat, which ceased operations after high-profile attacks on American facilities.
Embargo actively uses cryptocurrencies for money laundering through platforms like Tornado Cash, making them difficult to trace. The main targets of the group are healthcare, business services, and industry. This trend underscores the growing threat to decentralized finance (DeFi) and the need to strengthen cybersecurity.
Cybercrime is evolving, and groups like Embargo demonstrate how important it is to remain vigilant. For the latest news on cyber threats and technologies, subscribe to #MiningUpdates
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