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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.
Last year, ransomware hackers walked away with a record $1 billion, and according to cybersecurity company Coveware, the number of organizations that pay has fallen from over 80% to only about 30%.
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 ...
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.
Ransomware-as-a-service (RaaS) became a notable method after the Russia-based [130] or Russian-speaking [131] group REvil staged operations against several targets, including the Brazil-based JBS S.A. in May 2021, and the US-based Kaseya Limited in July 2021. [132]
"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 gang was first spotted by researchers in February 2019. It evolved as a variant of the "CryptoMix" ransomware family. Clop is an example of ransomware as a service (RaaS). Clop ransomware used a verified and digitally signed binary, which made it look like a legitimate executable file that could evade security detection. [5]
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