Risky Bulletin Newsletter
February 21, 2024
Risky Biz News: Law enforcement thoroughly dismantle LockBit
Presented by
News Editor
Law enforcement agencies from 11 countries have disrupted the LockBit ransomware operation in the most thorough and coordinated takedown of a cybercrime portal that has been seen to date.
As part of what they codenamed Operation Cronos, officials seized LockBit server infrastructure, froze cryptocurrency wallets holding past ransoms, released decryption tools, arrested members, filed additional charges, and imposed international sanctions.
The operation began months ago and was led by the UK's National Crime Agency (NCA). The agency claims it infiltrated the gang's servers, mapped out infrastructure, collected encryption keys, and accessed the LockBit backend, where admins and affiliates collected stats about attacks and negotiated with victims.