Ukrainian hacker Yaroslav Vasinskyi, known as Rabotnik, sentenced to nearly 14 years in prison.

Vasinskyi ordered to pay over $16 million in restitution for ransomware attacks.

Demanded ransoms totaling over $700 million using Sodinokibi/REvil ransomware.

Targeted high-profile victims, including Miami-based Kaseya.

US government highlights the role of international collaboration in apprehending cybercriminals.

The sentencing acts as a deterrent to ransomware actors by promising justice.

Akira ransomware group accumulated an estimated $42 million from over 250 businesses.

Ransomware attacks in 2023 led to victims being extorted to $1 billion, indicating a rising cyber threat.