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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.
It operated as ransomware-as-a-service operation, where a core group of developers and administrators worked with "affiliates" who carried out attacks. Extortion proceeds were split between the ...
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.
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]
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.
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 ...