Financial Review: How the spoils of cyberattacks are funding Russia’s invasion

Financial Review: How the spoils of cyberattacks are funding Russia’s invasion . “Nearly two-thirds of finance businesses hit by ransomware attacks are paying the ransom and the money is being used to fund Russia’s invasion of Ukraine, a leading cybersecurity expert has warned. Tom Kellermann, the head of cybersecurity strategy at enterprise technology company VMware, who is on the Cyber Investigations Advisory Board for the US Secret Service, said Russian state-sponsored cartels were raking in hundreds of billions of dollars a year from cybercrime, and were funnelling some of it back to the Putin regime to help the Kremlin recover from the West’s economic sanctions.”

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