Authorities dismantled the 8Base ransomware gang, shutting down its dark web data leak and negotiation sites.
The police arrested four European citizens in Phuket, Thailand, who are suspected to have stolen over $16 million through ransomware attacks affecting over 1,000 victims worldwide.
The gang compromised at least 17 Swiss companies using the Phobos ransomware between April 2023 and October 2024.
The 8Base ransomware group has been active since March 2022, targeting small and medium-size businesses in various industries.