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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 ...
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.
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 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.
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