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Bank Info Security 1 year, 5 months ago

Still-Lucrative Ransomware's Profits Plunged 35% Last Year

Collapse of LockBit and BlackCat/ALPHV Tied to Ongoing Decline in Big-Game HuntingRansomware may still be raking in massive cryptocurrency profits for practitioners, but 2024 turned out to be less of a banner year than predicted, with blockchain researchers reporting that the sum total of known ransom payments to ransomware groups in 2024 plummeted by 35%.

Bank Info Security 1 year, 10 months ago

RansomHub Hits Powered by Ex-Affiliates of LockBit, BlackCat

Feds Count Over 200 Known US Victims of Ransomware Group That Launched in FebruaryBeware a surge in attacks tied to a ransomware group called RansomHub that's recruited affiliates from down-or-out operations LockBit and BlackCat and successfully crypto-locked systems at more than 200 organizations nationwide, including critical infrastructure, the U.S. government warned.

Bank Info Security 2 years, 3 months ago

Free Ransomware: LockBit Knockoffs and Imposters Proliferate

Experts See Surge in Attacks, Including in Russia, Using Leaked LockBit CodeWhat do a German healthcare network, a Russian security company and an American bridal clothing retailer have in common? All seem to have been compromised in recent months by attackers who wielded LockBit crypto-locking malware - but who weren't tied to the actual LockBit operation.

Bank Info Security 2 years, 4 months ago

Binance Restricts 85 LockBit Crypto Wallets

Authorities Uncover 30,000 LockBit Bitcoin AddressesCryptocurrency trading platform Binance restricted access to 85 accounts as part of an action against the LockBit ransomware affiliates, and authorities estimated that members of the now-defunct ransomware-as-a-service operation had pocketed "hundreds of millions" in ransom.

Bank Info Security 2 years, 4 months ago

Post-LockBit, How Will the Ransomware Ecosystem Evolve?

With Over $1 Billion in Annual Proceeds, Don't Expect Attackers to Give Up the LifeOnce the dust settles on the LockBit disruption, what will be the state of ransomware? Expect attackers to continue refining their tactics for maximizing profits via a grab bag of complementary strategies, including crypto-locking shakedowns and data-theft extortion.

Bank Info Security 2 years, 4 months ago

LockBit Group Prepared New Crypto-Locker Before Takedown

Numerous Impediments Remain If Administrators Attempt to Reboot the OperationThe notorious ransomware-as-a-service group LockBit, disrupted by law enforcement this week, was developing a new version of its crypto-locking malware prior to being shut down, security researchers reported. Even so, experts say it's unlikely the group would be able to successfully reboot.

Bank Info Security 2 years, 4 months ago

LockBit Group Prepped New Crypto-Locker Before Takedown

Numerous Impediments Remain, Should Administrators Attempt to Reboot OperationThe notorious ransomware-as-a-service group LockBit, disrupted by law enforcement this week, was developing a new version of its crypto-locking malware prior to being disrupted, security researchers report. Even so, experts say it's unlikely the group would be able to successfully reboot.

Bank Info Security 2 years, 4 months ago

LockBit Ransomware Group Building New Locker Before Takedown

Numerous Impediments Remain, Should Administrators Attempt to Reboot OperationThe notorious ransomware-as-a-service group LockBit, disrupted by law enforcement this week, was developing a new version of its crypto-locking malware prior to being disrupted, security researchers report. Even so, experts say it's unlikely the group would be able to successfully reboot.

Law enforcement arrested two operators of the LockBit ransomware gang in Poland and Ukraine, created a decryption tool to recover encrypted files for free, and seized over 200 crypto-wallets after hacking the cybercrime gang's servers in an international crackdown operation. [...]

Law enforcement arrested two operators of the LockBit ransomware gang in Poland and Ukraine, created a decryption tool to recover encrypted files for free, and seized over 200 crypto-wallets after hacking the cybercrime gang's servers in an international crackdown operation. [...]

Bank Info Security 2 years, 5 months ago

ISMG Editors: Why Are Crypto Phishing Attacks Surging?

Legal Moves: Crypto Theft Lawsuit; Hospital Sues LockBit GangIn the latest weekly update, ISMG editors discussed why crypto-seeking drainer scam-as-a-service operations are thriving, a novel legal move that recovered a hospital's stolen data, and a ground-breaking case involving bitcoin that could streamline recovery for victims.