The cyber actors behind the Nemty ransomware-as-a-service operation are reportedly folding up shop as they concentrate their efforts on a newly launched malicious encryptor.

The decision to shut down Nemty could leave some individuals in a lurch. As of April 14, the cybercriminals are giving victims one week to pay their ransom and receive a decryption key before Nemty's payment infrastructure is supposedly dismantled. This ticking clock could coerce some panicked victims to hastily pay up.

The Nemty group made the announcement yesterday via the Exploit hacking forum, ZDNet has reported.

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