All the latest UK technology news, reviews and analysis

Spanish police nab Reveton ransomware boss

14 Feb 2013
malware virus security threat breach

Spanish authorities have detained a man they believe to be one of the heads of the notorious Reveton malware gang.

Police said that the man, who is a Russian national, is currently being held in Dubai and is awaiting extradition to Spain, where the Reveton gang is believed to have based part of its operation.

According to researchers from Trend Micro who worked with the Spanish to track down the group, the Reveton crew has been overseeing a series of malware attacks which extort ransom money from victims.

Researchers and law enforcement believe that the payments were being funnelled from the victim PCs through accounts in Spain. Profits from the operation were then sent back to individuals in Russia.

The malware loads on the victim PC and then demands that the user make a payment in order to regain access to their system. In some instances, Reveton campaigns have even posed as alerts from law enforcement agencies.

The Reveton group is believed to have netted more than €1m over the course of the malware campaign.

While joint legal campaigns from security firms and law enforcement groups have led to a number of high-profile arrests in recent years, malware operations and botnet chains have proven extremely difficult to kill over the long term.

Trend Micro security director Rik Ferguson told V3 that while the operation is important, more work still needs to be done to fight cybercrime in Europe.

"There are multiple groups running ransomware type scams, but Europol estimates that the Reveton gang in particular had hundreds of thousands of victims of mostly European countries," Ferguson told V3.

"Given the fact their money laundering outfit was laundering over €1m euros a year, this is a very significant arrest. However, this doesn't constitute the entirety of the Reveton gang and the malware is still out there and still being used by other threat actors."

Earlier this week, researchers noted that the Kelihos botnet has apparently recovered from a takedown campaign and could soon be larger and more dangerous than it had been before the original shutdown.

  • Comment  
  • Tweet  
  • Google plus  
  • Facebook  
  • LinkedIn  
  • Stumble Upon  
Shaun Nichols

Shaun Nichols is the US correspondent for He has been with the company since 2006, originally joining as a news intern at the site's San Francisco offices.

More on Security
What do you think?
blog comments powered by Disqus

BYOD vs CYOD vs BYOC poll

Which approach is your firm taking to managing employees' mobile devices?

Popular Threads

Powered by Disqus
Sony Xperia Z2 smartphone running Android KitKat 4.4

Sony Xperia Z2 video

We test out the latest Android KitKat flagship from Sony

Updating your subscription status Loading

Get the latest news (daily or weekly) direct to your inbox with V3 newsletters.

newsletter sign-up button

Data protection: the key challenges

Deduplication is a foundational technology for efficient backup and recovery


iPad makes its mark in the enterprise

The iPad can become a supercharged unified communications endpoint, allowing users to enhance their productivity

Java Developers X2 - Oslo

Java, Algorithms, Data Structures, Groovy, Rails, Linux...

Front End Web Developers x2 - Oslo

HTML, CSS (SASS), JavaScript, JQuery, Angular JS, ROR...

Web Developers x3 - work from home

HTML, CSS, JavaScript, PHP/PHP 5, MySQL, LAMP, Subversion...

Front End Web Developers (eCommerce) x3

HTML, CSS, JavaScript, eCommerce Package (Ideally Demandware...
To send to more than one email address, simply separate each address with a comma.