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Lockbit cybercrime gang disrupted by international police operation

Reuters · 1y ago

Lockbit cybercrime gang disrupted by international police operation

The cybercrime gang Lockbit, known for holding victims' data for ransom, has been disrupted by the UK's National Crime Agency and the US's Federal Bureau of Investigation. The operation, part of "Operation Cronos," aims to combat the gang's extortion activities. Lockbit and its affiliates have targeted major organizations, stealing sensitive data and demanding ransom payments. Authorities describe Lockbit as the "Walmart of ransomware groups," running their operations like a business. The operation is ongoing, according to the agencies involved.

Related News

Lockbit cybercrime gang says it is back online following global police bust

Reuters · 1y ago

Lockbit cybercrime gang says it is back online following global police bust

Lockbit, a cybercrime gang known for ransomware attacks, has claimed to have restored its servers and resumed its illegal activities following a recent international police operation. The group's website was reportedly hacked by law enforcement, causing them to change their darkweb site. However, the British National Crime Agency has stated that Lockbit remains compromised and that their efforts to target and disrupt the group continue. The operation aimed to discredit Lockbit among its criminal affiliates who use the gang's tools for ransomware attacks. Last week, the US charged two Russian nationals in connection with deploying Lockbit ransomware.

Ukraine arrests father-son duo in Lockbit cybercrime bust

Reuters · 1y ago

Ukraine arrests father-son duo in Lockbit cybercrime bust

Ukrainian police have arrested a father-son duo linked to the cybercrime gang Lockbit, which was targeted by an international joint operation led by the UK's National Crime Agency and the FBI. The duo is accused of using ransomware to carry out attacks on enterprises, state institutions, and healthcare institutions in France. The arrests in Ukraine led to the seizure of over 200 cryptocurrency accounts and 34 servers used by the gang in multiple countries. Lockbit was known for extorting victims through its website, which would release data if a ransom was not paid.

Lockbit cybercrime gang says it is back online following global police bust

Economic Times

Economic Times · 1y ago

Lockbit cybercrime gang says it is back online following global police bust

The Lockbit cybercrime gang, known for using ransomware to extort victims, has announced that its servers are back online following a recent international police operation that targeted the group. In a statement, the gang revealed that its website was hacked by law enforcement using a vulnerability in the PHP programming language. While Lockbit's darkweb site was compromised, its other servers with backup blogs continue to leak stolen data. Authorities remain determined to target and disrupt Lockbit, as they work to gather intelligence on the group and its affiliates.

Lockbit cybercrime gang disrupted by Britain, US and EU

Economic Times

Economic Times · 1y ago

Lockbit cybercrime gang disrupted by Britain, US and EU

The notorious cybercrime gang Lockbit, known for extorting ransom from victims, has been disrupted by a joint operation involving the National Crime Agency, FBI, Europol, and other international law enforcement agencies. The gang's website is now under the control of the UK's National Crime Agency. Lockbit affiliates have targeted large organizations, stealing sensitive data and demanding ransom for its release. The group is believed to be based in Russia but has not professed support for any government. Lockbit is regarded as the top ransomware threat in the world, with significant attacks in industries ranging from financial services to government departments.

US offers up to $15 mln for information on Lockbit leaders, State Dept says

Reuters · 1y ago

US offers up to $15 mln for information on Lockbit leaders, State Dept says

The U.S. State Department has announced a reward of up to $15 million for information that leads to the identification or location of the leaders of Lockbit, a notorious cybercrime gang known for holding victims' data to ransom. This comes after the U.S., UK, and EU jointly disrupted the group in a rare international law enforcement operation. The reward is being offered for information that aids in the arrest or conviction of individuals involved in LockBit ransomware attacks, as well as the identification or location of key leaders within the group.

China's biggest lender's US arm hit by ransomware attack

Economic Times

Economic Times · 1y ago

China's biggest lender's US arm hit by ransomware attack

China's largest commercial lender, ICBC Financial Services, was hit by a ransomware attack that disrupted their systems and impacted trades in the US Treasury market. The attack was believed to be orchestrated by the Lockbit cybercrime gang, known for targeting large organizations. While ICBC stated that the impact was limited and they were recovering from the attack, this incident highlights the vulnerability of major organizations and raises concerns about cybersecurity controls and regulatory scrutiny in the market. US authorities have been working on curbing ransomware attacks through improved information-sharing.

Cybercrime groups restructuring after major takedowns: experts

Economic Times

Economic Times · 1y ago

Cybercrime groups restructuring after major takedowns: experts

Cybercrime gangs are regrouping with new tactics after recent police operations hindered their activities, according to experts. LockBit, a prominent group involved in ransomware attacks, was dismantled in February, contributing to a decline in cyberattacks. However, new gangs have emerged, with some adopting threats of physical violence instead of just online intimidation. The experts believe that ransomware attacks will likely rebound in the coming months, driven by the financial incentives available.

LockBit ransomware officially returns — hackers hit back with new attacks following apparent shutdown

Techradar

Techradar · 1y ago

LockBit ransomware officially returns — hackers hit back with new attacks following apparent shutdown

LockBit, a notorious ransomware operator, has reemerged with new encryptors, infrastructure, and data leak and negotiation websites. Researchers at Zscaler found that new LockBit victims received ransom notes with different Tor URLs for further instructions. Two new encryptor variants were also discovered. LockBit's negotiation server is back in operation but only for new victims. The reappearance of LockBit comes after the UK's National Crime Agency (NCA) and international partners dismantled its infrastructure, gaining access to decryptors and stolen data. LockBit's owners later claimed to have been targeted due to sensitive information stolen from Fulton County, potentially impacting the US election.

LockBit claims cyberattack on Indian broker Motilal Oswal | TechCrunch

TechCrunch · 1y ago

LockBit claims cyberattack on Indian broker Motilal Oswal | TechCrunch

Ransomware gang LockBit has taken responsibility for hacking Motilal Oswal, a leading brokerage firm in India. LockBit added the firm to its dark web leak site, which is typically used to extort ransom payments and threaten to release stolen data. Motilal Oswal serves millions of clients and has assets under advice of around $53 billion. It is unclear if there has been any operational disruption. The incident is currently being investigated by Indian authorities. LockBit has been responsible for numerous high-profile attacks globally, targeting companies including TSMC, Accenture, and Foxconn.

Feds hack LockBit, LockBit springs back. Now what?

TechCrunch · 1y ago

Feds hack LockBit, LockBit springs back. Now what?

The LockBit ransomware group, which was recently targeted by law enforcement in a global operation, has returned to the dark web with a new leak site and new victims. The group's administrator admitted fault for the disruption but claimed that operations have now resumed. The law enforcement operation, dubbed "Operation Cronos," compromised LockBit's infrastructure, seized servers and cryptocurrency wallets, and made arrests. Despite law enforcement's claims of a successful takedown, LockBit has already targeted new victims and remains active. The ongoing cat-and-mouse game between law enforcement and ransomware groups means that these criminal operations can quickly regroup and rebrand.

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