🔴 One source close to the investigation told KrebsOnSecurity the Canadian person arrested this week was visiting Pennsylvania for a cyber insurance conference, and that the suspect’s company specialized in handling ransomware negotiations with cybercrime groups. Another shared that control over the ShinyHunters investigation has been centralized at an FBI field office in Texas.

An online search reveals the Cyber Risk Summit was held at the Loews Philadelphia Hotel between Oct. 5 and Oct. 7. The conference had several sponsors, but according to the summit’s website its biggest sponsor was a Canadian security company called Cypfer.

According to LinkedIn, Cypher was co-founded by a Canadian man named Edward Dubrovsky, who is now associated with another Canadian security firm and sponsor called CyberSteward. In a post to LinkedIn approximately one month ago, Dubrovsky said he had plans to attend the Cyber Risk Summit with the rest of the CyberSteward team.