US Treasury sanctions a VPN provider and its administrator for the first time
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What just happened? The US Treasury Department has imposed sanctions on a VPN provider and its administrator for the first time. The agency is targeting a service accused of helping ransomware gangs hide their identities and attack American organizations.
The Office of Foreign Assets Control designated First VPN Service, also known as 1VPNS, and its Ukrainian administrator, Dmytro Rashevskyi. Belarusian national Yegeniy Vladimirovich Silayev was sanctioned separately for selling "cryptors," tools designed to disguise ransomware and other malware as harmless software so security systems do not detect it.
Treasury officials say ransomware groups using services supplied by the sanctioned parties have caused billions of dollars in losses to US businesses and critical infrastructure providers. Victims connected to 1VPNS infrastructure included hospitals, municipal governments, financial services firms, and other companies.
First VPN had operated...
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