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LockBit Infrastructure Seized by US, UK Police

February 28, 2024
BankInfoSecurity
Contributed by: Drex DeFord
Summary
International operation seizes LockBit ransomware group's infrastructure, disrupting its operations; the latest in digital takedowns. UK's National Crime Agency confirms seizure of LockBit, one of largest ransomware-as-a-service operations with over 3000 victims. LockBit's operations, source code and victim details have been seized, potentially affecting ransomware ecosystem. Increase in seizures attributed to Biden administration's international ransomware taskforce. Despite previous arrests and leaks, LockBit may rebuild under different name. LockBit responsible for prior high-profile attacks on ICBC's NY subsect and UK's Royal Mail. Full extent of Operation Cronos unknown, FBI to announce further details.
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