The impacts of ransomware attacks are significant and far-reaching, with victims suffering loss and disclosure of sensitive information and disruption of critical services. Russia is a safe haven for cybercriminals, an environment in which ransomware actors are free to conduct malicious cyber operations against the United States and our partners and allies.
Today, the State Department is announcing a reward offer, under the Transnational Organized Crime Rewards Program (TOCRP), of up to $10 million, for information leading to the arrest and/or conviction of Russian national Mikhail Pavlovich Matveev for transnational organized crime. We are taking these actions Matveev for his role in ransomware incidents targeting U.S. law enforcement, businesses, and critical infrastructure around the world.
In conjunction with this action, the Department of Justice unsealed two indictments against Matveev in the District of Columbia and the District of New Jersey. The Treasury Department also imposed financial sanctions on Matveev.