The US Treasury's Office of Foreign Assets Control has imposed sanctions on a VPN provider, 1VPNS, and a cryptor seller, for facilitating ransomware attacks that have resulted in billions of dollars in losses to critical infrastructure. The sanctions, which were announced on July 13, target two individuals and one entity that have been providing tools and infrastructure to ransomware groups. This move is aimed at disrupting the financial networks of these cybercriminals and limiting their ability to carry out attacks. The sanctioned entities are accused of enabling ransomware actors to execute malicious activities, highlighting the critical role that third-party services can play in facilitating cybercrime1. The sanctions are significant, as they demonstrate the US government's commitment to holding accountable those who enable and profit from ransomware attacks, and they may have a chilling effect on other companies that provide similar services to cybercriminals.
U.S. Treasury Sanctions VPN Provider and Cryptor Seller Behind Billions in Ransomware Losses
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Why This Matters
Treasury’s Office of Foreign Assets Control sanctioned two individuals and one entity on July 13 for supplying tools and infrastructure to ransomware groups that have caused.
References
- SecurityAffairs. (2026, July 14). U.S. Treasury Sanctions VPN Provider and Cryptor Seller Behind Billions in Ransomware Losses. SecurityAffairs. https://securityaffairs.com/195336/security/u-s-treasury-sanctions-vpn-provider-and-cryptor-seller-behind-billions-in-ransomware-losses.html
Original Source
SecurityAffairs
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