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International Business Times UK
International Business Times UK
Business
Will Lorca

Inside Media Land: Russian Hosts Sanctioned for £14B Cyber Hit

Alexander Volosovik and Yulia Pankova, sanctioned as key figures behind Media Land, a 'bulletproof' hosting service for ransomware gangs. (Credit: US Department of the Treasury)

A covert Russian tech company named Media Land, accused of providing the digital infrastructure for notorious ransomware gangs, has been sanctioned by the UK, US, and Australia. These measures target its role in cyber-attacks that cost the UK an estimated £14.7 billion last year.

Announced on 19 November, the coordinated sanctions mark a significant escalation in the fight against cybercrime infrastructure. Western governments are shifting focus from individual hackers to dismantling entire business networks that provide safe havens for cybercriminals.

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