this post was submitted on 21 Aug 2023
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Technology

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58
LockBit’s dirty little secret: ransomware gang is failing to publish victims’ data (grahamcluley.com)
submitted 1 year ago by Raisin8659@monyet.cc to c/technology@lemmy.world
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Summary:

  • LockBit is a ransomware-as-a-service (RaaS) group that has been active since 2019.

  • The group is known for its aggressive tactics, including threatening to publish stolen data if victims do not pay the ransom.

  • However, a new report by Jon DiMaggio of Analyst1 claims that LockBit is having trouble publishing stolen data due to limitations in its backend infrastructure and available bandwidth.

  • DiMaggio says that LockBit has recently updated its infrastructure, but this is a gimmick to make it appear that the problem has been fixed.

  • As a result of these issues, LockBit's reputation has been tarnished and some of its top affiliates have left for other ransomware groups.

  • It remains to be seen whether LockBit can address its infrastructure issues and regain its former prominence.

Additional details:

  • The group's attacks have targeted a wide range of victims, including businesses, government agencies, and healthcare organizations.

  • LockBit typically demands a ransom of several million dollars in exchange for not publishing stolen data.

  • The group has a reputation for being very aggressive and has been known to follow through on its threats to publish stolen data.

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[–] theothermatt_b@lemmy.ml 15 points 1 year ago

Yeah the framing of this article is hilarious to me. I believe it, but it's very funny to see. I kept half expecting to see a bunch of users of the software filing a class action or something. 😂