European law enforcement authorities rounded up a ransomware gang in Spain and the United Arab Emirates. The gang was raking in some $1.3 million in profits annually, according to Europol and Europol. After infecting a computer, the police-themed ransomware locks up a computer’s operation and displays an official-looking splash screen purporting to be from a law enforcement agency. To pay the fine, the bogus cyber cops steer victims to a number of fast-cash websites such as Ukash, Paysafecard and MoneyPak.”]
Source: https://www.csoonline.com/article/2133026/ransomware-gang-nabbed-by-european-cops.html