The host at this IP address is obviously operated by cybercriminals. It is running a malware botnet controller which is being used to control infected computers (bots) around the globe using a trojan horse.
Malware botnet controller located at 188.68.205.12 on port 7053 TCP:
$ telnet 188.68.205.12 7053
Trying 188.68.205.12…
Connected to 188.68.205.12.
Escape character is ‘^]’
Referencing malware samples (MD5 hash):
00221a6351e7426f7e88c157373f9b80 — AV detection: 54 / 70 (77.14%)
0570384defed524db1378486dec84b6c — AV detection: 41 / 68 (60.29%)
0cdf60c2394cf0aa2f5b1b3b7368587c — AV detection: 37 / 70 (52.86%)
0e815a68d06cbab734c61ed9f3df7528 — AV detection: 32 / 69 (46.38%)
0f417baca719f1f8fb03387c4aa18f82 — AV detection: 45 / 69 (65.22%)
209609199e47fecdd76a96dabf1f9cf5 — AV detection: 24 / 70 (34.29%)
2f84afead84a3699cb870693b05c308c — AV detection: 26 / 70 (37.14%)
c9a7b309d45200b0629a168424af7d8e — AV detection: 41 / 69 (59.42%)