02/20/2024

Law Enforcement Agencies Disrupt LockBit

The entity provides ransomware as a service to its so-called "affiliates"

Law-enforcement agencies have infiltrated and disrupted LockBit, arresting two people involved with the prolific ransomware syndicate that has extracted $120 million from thousands of victims around the world, American, British and European officials said Tuesday.

Britain's National Crime Agency (NCA) said it led an international operation targeting LockBit, which provides ransomware as a service to so-called affiliates who infect victim networks with the computer-crippling malware and negotiate ransoms.

The operation resulted in the arrests of two people in Poland and Ukraine and the seizure of 200 cryptocurrency accounts, officials said at a joint news conference. The Justice Department, meanwhile, unsealed indictments against two more people, both Russian nationals. Authorities said they gained "comprehensive access" to LockBit's systems, taking control of infrastructure and obtaining keys to help victims decrypt their data.

Please select this link to read the complete article from ABC News.