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A major Russian-based ransomware syndicate called LockBit took responsibility for the attack in Fulton County. Four months later, the feds indicted the group's alleged ringleader, Dmitry Khorshev ...
LockBit has been linked to attacks on the U.K.'s Royal Mail, Britain’s National Health Service, airplane manufacturer Boeing, international law firm Allen and Overy and China’s biggest bank, ICBC.
LockBit is a cybercriminal group proposing ransomware as a service (RaaS). Software developed by the group (also called ransomware) enables malicious actors who are willing to pay for using it to carry out attacks in two tactics where they not only encrypt the victim's data and demand payment of a ransom, but also threaten to leak it publicly if their demands are not met.
Nonetheless, he said, the law enforcement seizure of LockBit’s website “means there will be a significant, if short lived, impact on the ransomware ecosystem and a slow-down in attacks ...
Its affiliates are like-minded criminal groups that Lockbit recruits to wage attacks using its digital extortion tools. ... Lockbit had a 25% share of the ransomware market. Their nearest rival ...
Ransomware as a service (RaaS) is a cybercrime business model where ransomware operators write software and affiliates pay to launch attacks using said software. [1] Affiliates do not need to have technical skills of their own but rely on the technical skills of the operators.
By providing initial access, IABs allow other cyber criminals like ransomware groups to more quickly infiltrate networks and launch attacks without wasting time to gain entry themselves. This access as a service model - in analogy to the software as a service model - provides scalability and efficiency to cybercriminal operations. Ransomware in ...
The United States has charged a Russian-Israeli dual citizen over alleged involvement with the Lockbit ransomware group, the U.S. Department of Justice said in a statement on Friday. Rostislav ...