Aleksei Volkov, a 26-year-old Russian citizen from St. Petersburg, was sentenced today in Indiana to nearly seven years in prison after pleading guilty to charges related to cyber intrusions on U.S. companies. Volkov served as an initial access broker, providing cybercriminal groups with unauthorized entry into numerous corporate networks. His actions helped ransomware operators, such as Yanluowang, launch dozens of attacks across the United States that resulted in at least $9 million in direct financial damages, with intended losses exceeding $24 million. Volkov was arrested in Rome and extradited to the United States following indictments in the Southern District of... [Continue Reading]