February 22, 2024 at 03:04AM
Summary:
LockBit, a Ransomware-as-a-Service, faced internal and external challenges resulting in a decline. The leaked LockBit builder led to confusion and loss of confidence. Technical issues and dissatisfaction among affiliates further aggravated the situation. The recent development of LockBit-NG-Dev suggests an upcoming version, indicating efforts to revive the group’s deteriorating position.
From the provided meeting notes, the following key takeaways can be generated:
1. LockBit is a Ransomware-as-a-Service (RaaS) operation that has faced internal and external issues, leading to a decline in its position and reputation within the cybercriminal community over the past couple of years.
2. The group has faced challenges, including leaks of its ransomware builder, operational instability, and a decline in successful negotiations, which has impacted its ability to attract and retain affiliates.
3. LockBit has attempted to develop an in-development version known as LockBit-NG-Dev, which is anticipated to be the basis for a new version of the malware, LockBit 4.0. However, it has experienced delays in releasing a robust version, further impacting its position in the market.
4. The decline in LockBit’s impact is evident from confirmed breach data, indicating a steady decrease in its share of ransomware impact over the last two years.
5. The meeting notes also highlight the key individuals and personas associated with the LockBit group, including members involved in high-profile cyberattacks and those who have had associations with the group in the past.
Overall, the documented meeting notes provide a comprehensive overview of LockBit’s challenges and decline, shedding light on its internal and external issues, as well as its effort to develop a new version of the ransomware.