The Justice Department and international partners have taken down a criminal ransomware network called Qakbot, which caused significant financial damage and targeted individuals, small businesses, healthcare providers, and government agencies. The operation, known as "Operation Duck Hunt," also seized nearly $9 million in cryptocurrency and involved redirecting Qakbot's cyber activity to servers controlled by U.S. investigators. While no arrests have been made, 52 servers were seized, and the investigation is ongoing.
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00:00 It's Benzinga and here's what's on the block.
00:02 The Justice Department and international partners have taken down a criminal ransom network
00:06 called QuackSpot, which caused significant financial damage and targeted individuals,
00:11 small businesses, healthcare providers, and government agencies.
00:15 The operation, known as Operation Duck Hunt, also seized nearly $9 million in cryptocurrency
00:19 and involved redirecting QuackSpot's cyber activity to servers controlled by U.S. investigators.
00:25 While no arrests have been made, 52 servers were seized and the investigation is ongoing.
00:30 For all things money, visit Benzinga.com.
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