The U.S. is offering rewards for information on leaders of the LockBit ransomware group. LockBit is a syndicate operating since 2019. It accounted for 23 percent of the nearly 4,000 attacks globally last year in which ransomware gangs posted data stolen from victims to extort payment, according to the cybersecurity firm Palo Alto Networks, per … Read more
The FBI and other agencies have disrupted a ransomware syndicate, known as LockBit, that was behind a series of global cyberattacks that extracted at least $120 million, according to the United Kingdom’s National Crime Agency (NCA). “Today, after infiltrating the group’s network, the NCA has taken control of LockBit’s services, compromising their entire criminal enterprise,” … Read more
LockBit developed the malicious software “ransomware” (Representational) An international law enforcement operation has taken down dozens of servers and disrupted LockBit, “the world’s most harmful cyber crime group” according to British authorities. LockBit and its affiliates caused billions of dollars in damage and extracted tens of millions in ransom from their victims. Their targets have … Read more
LockBit has been involved in many high profile hackings. In a significant blow to cybercrime, law enforcement agencies from the UK, US, and several other countries have seized the online site of LockBit, a notorious ransomware gang. LockBit is known for offering tools and services to criminals, enabling them to launch ransomware attacks and extort … Read more
China’s largest bank Industrial and Commercial Bank of China (ICBC) has been hit by ransomware attack. The breach has reportedly disrupted trading in the US Treasury market. The company, which is based in New York, said that it is investigating and had reported the problem to law enforcement. The bank gave no further details but … Read more
Cyberattacks may hit record levels this year. (Representational) On Thursday, trades handled by the world’s largest bank in the globe’s biggest market traversed Manhattan on a USB stick. Industrial & Commercial Bank of China Ltd.’s US unit had been hit by a cyberattack, rendering it unable to clear swathes of US Treasury trades after entities … Read more