Mikhail Vasiliev, a Russian-Canadian national was sentenced to four years in prison in Canada and has been ordered to pay $860,000 in restitution to the Canadian victims of his LockBit attacks. Additionally, the US Department of Justice announced separate charges against Vasiliev for his involvement in the ransomware attacks. He has consented to being extradited to the US, where he faces up to five years in prison for his role in the LockBit ransomware operation.

Vasiliev targeted at least three organizations in Canada, encrypting their data and seeking ransom payments from them. While Vasiliev awaits extradition to the US, his family allegedly plans to move back to Russia.

The LockBit operators, who have been around since 2020, are believed to have received over $100 million in ransom payments. Read more about this story on our LinkedIn page