Group-IB

Last updated

Group-IB
Company type Private
IndustryCybercrime
Founded Moscow, Russia
Headquarters
Key people
  • Dmitry Volkov, CEO Singapore
  • Valery Baulin, CEO Moscow
  • Ilya Sachkov, founder and owner (37.5%)
Website

Group-IB is a cybersecurity company founded in 2003 in Moscow. In 2023, it split into two companies with a branch remaining in Moscow branded F.A.C.C.T. Group-IB and a branch in Singapore.

History

Group-IB was founded in 2003 by Ilya Sachkov and Dmitry Volkov in Russia. The company moved to Singapore in 2019. [1] In July 2020, it received funding from the Cyber Security Agency of Singapore through venture capital firm TNB Ventures. [2]

In September 2021, Ilya Sachkov, its co-founder and CEO, was detained by Russian authorities for treason. [3] He was sentenced to 14 years in prison. [4] The Russian and international business were later split with the business sold in April 2023 to Russian management to be branded FACCT. [5] [6] FACCT would market Group-IB products and services while being a separate entity allowing Group-IB to not directly have a presence. [7] Ilya Sachkov maintains his involvement in the Russian business. [8]

In 2023, the company split with a headquarters in Singapore and in Moscow. [5] In December 2023, the Moscow office discovered that a hacking group was targeting Russian companies with a war-related phishing attack. [9]

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References

  1. "Russian cyber titan Group-IB makes Singapore home". Channel Asia. Retrieved 2024-03-10.
  2. Desk, AIT News (2020-07-30). "Group-IB Receives Funding from CSA". AiThority. Retrieved 2024-03-10.{{cite web}}: |last= has generic name (help)
  3. "Russia detains cyber-security tycoon Ilya Sachkov in treason case". 2021-09-29. Retrieved 2024-03-10.
  4. "Russian cybersecurity chief jailed for 14 years for treason". Al Jazeera. Retrieved 2024-03-10.
  5. 1 2 "Cyber firm Group-IB to split Russian, international businesses". Reuters. July 6, 2022.
  6. Marrow, Alexander (April 20, 2023). "Cyber firm Group-IB finalizes Russia split to spur global ambitions". Reuters.
  7. https://www.theregister.com/2023/06/29/russian_facct_employee_extradiation/
  8. "F.A.S.S.T. created the Cybersecurity Center". TAdviser.ru. Retrieved 2024-11-21.
  9. "Cyber-espionage group Cloud Atlas targets Russian companies with war-related phishing attacks". therecord.media. Retrieved 2024-11-21.