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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.
The cybercrime gang infects a victim organisation's system with ransomware - malicious software that encrypts data - and then coerces targets into paying ransom to decrypt or unlock it.
LockBit’s ransomware-as-service model licensed its software to other cybercriminals in exchange for payments that included a percentage of ransoms paid by victims, who included “individuals ...
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.
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.
Petya was first discovered in March 2016; unlike other forms of encrypting ransomware, the malware aimed to infect the master boot record, installing a payload which encrypts the file tables of the NTFS file system the next time that the infected system boots, blocking the system from booting into Windows at all until the ransom is paid.
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