<ul><li>The FBI, in collaboration with international law enforcement agencies, has announced the arrest of four European nationals linked to ransomware operations.</li><li>The cybercriminals are believed to have orchestrated attacks resulting in approximately $16 million in global financial losses.</li><li>The arrests were made in a major joint operation codenamed 'Operation PHOBOS AETOR', resulting in the seizure of digital devices and cryptocurrency wallets.</li><li>While the arrests are significant, ransomware groups continuously evolve, posing an ongoing cybersecurity threat.</li></ul>

Phobos and 8Base Ransomware criminals arrest by FBI

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