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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.
Lockbit was discovered in 2020 when its eponymous malicious software was found on Russian-language cybercrime forums, leading some security analysts to believe the gang is based in Russia. Nowhere ...
Law-enforcement agencies have infiltrated and disrupted LockBit, arresting two people involved with the prolific ransomware syndicate that has extracted $120 million from thousands of victims ...
A cyberattack is any type of offensive maneuver employed by individuals or whole organizations that targets computer information systems, infrastructures, computer networks, and/or personal computer devices by various means of malicious acts usually originating from an anonymous source that either steals, alters, or destroys a specified target by hacking into a susceptible system.
Change Healthcare paid a $22 million ransom to recover data after the attack. However, a payment dispute between BlackCat and an affiliate involved with the attack has resulted in a BlackCat representative claiming that the group is shutting down and selling the source code for its ransomware products.
"To put today’s takedown into context, based on leak site data, Lockbit had a 25% share of the ransomware market. Their nearest rival was Blackcat at around 8.5%, and after that it really starts ...
The ransomware would instruct victims to buy GreenDot MoneyPak vouchers and enter the code in the Reveton panel displayed on the screen. This money entered a MoneyPak account managed by Qaiser, who would then deposit the voucher payments into the debit card account of his American co-conspirator, Raymond Odigie Uadiale.
WASHINGTON (Reuters) -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 on Friday.