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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 June, U.S. federal agencies released an advisory that attributed about 1,700 ransomware attacks in the United States since 2020 to LockBit and said victims included “municipal governments ...
Its affiliates are like-minded criminal groups that Lockbit recruits to wage attacks using its digital extortion tools. ... Lockbit had a 25% share of the ransomware market. Their nearest rival ...
The operation was widely seen by cybersecurity experts as designed to discredit Lockbit's standing amongst its "affiliates" - the criminal groups which use Lockbit's tools to carry out ransomware ...
The first reported death following a ransomware attack was at a German hospital in October 2020. [76] There was a significant increase in ransomware attacks during the 2020 COVID-19 pandemic. Evidence found that the targeted institutions of these attacks included government, finance, and healthcare.
In just three years, it has become the world's top ransomware threat, according to U.S. officials. ... likeminded criminal groups who are recruited to wage attacks using Lockbit’s digital ...
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.
Lockbit and its malware were linked to attacks on more than 2,500 victims in at least 120 countries around the world, according to the DOJ, including small businesses and large multinationals ...
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