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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 ...
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.
The Department of Justice said the Lockbit group led by Khoroshev at times was “the most prolific ransomware group in the world,” targeting more than 2,000 victims, most of them in the United ...
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.
The malware was first observed by researchers from the MalwareHunterTeam in mid-November 2021. [7]By April 2022, the Federal Bureau of Investigation (FBI) released an advisory that several developers and money launderers for BlackCat had links to two defunct ransomware as a service (RaaS) groups – DarkSide and BlackMatter. [7]
On 1 February 2023, LockBit attacked ION's derivative platform with a ransomware attack which disrupted clients such as financial institutions who were unable to process their transactions. Upwards of 40 different companies experienced slowed operations and had to resort to manual processes.
"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 ...
Lockbit, the cybercrime gang that was knocked offline by a comprehensive international police operation earlier this month, says it has restored its servers and is back in business.
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