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Here's everything you need to know about ransomware
04:04 - Source: CNN Business
CNN  — 

US and European enforcement agencies last week arrested two people in Ukraine who have allegedly made multimillion-dollar ransom demands following hacks of European and US organizations, Europol announced Monday.

The FBI and law enforcement agencies in France and Ukraine coordinated the raid, which led to the seizure of $375,000 in cash and two luxury vehicles, and the freezing of $1.3 million in cryptocurrencies, according to Europol.

The arrests are a notable win for US law enforcement, which has tried to step up its pressure on cybercriminals based in Eastern Europe and Russia following a series of ransomware attacks that have cost US companies millions of dollars.

Europol described the two suspects as “prolific,” having demanded between €5 and €70 million ($5.8 million and $81.3 million) from victims. But a spokesperson for the EU’s law enforcement arm declined to identify the two people or what type of ransomware they allegedly used