Researchers have investigated on how LockBit, one of the more recent ransomware organisations, operates.
As per the instances this year, ransomware has emerged as one of the most disruptive forms of cybercrime. So far, the world has witnessed the Colonial Pipeline ransomware crisis, which resulted in fuel supply shortages throughout sections of the United States; continuous troubles with Ireland's national health care; and systematic interruption for meat processing major JBS as a result of the infection.
By 2031, ransomware assaults are expected to cost $265 billion globally, and settlements are now routinely in the millions of dollars, as in the case of JBS. However, there is no guarantee that decryption keys are suitable for their intended use, or that paying once guarantees that a business will not be targeted again.
According to a Cybereason report issued this week, up to 80% of organisations that were victimised by ransomware and paid the ransom have experienced a second attack, possibly by the same threat actors.
The danger of ransomware to businesses and essential infrastructure has grown to the point where it was brought up during a meeting between US President Joe Biden and Russian President Vladimir Putin at the Geneva summit.
Prodaft Threat Intelligence (PTI) published a study (.PDF) on LockBit and its affiliates on Friday.
According to the study, LockBit, which was previously known as ABCD, uses a RaaS model to give affiliate groups a central control panel where they can produce new LockBit samples, monitor their victims, make blog articles, and view statistics on the success — or failure — of their attacks.
LockBit affiliates frequently purchase Remote Desktop Protocol (RDP) access to s ..
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