US Offering $10M for LockBit Leaders as Law Enforcement Taunts Cybercriminals

US Offering $10M for LockBit Leaders as Law Enforcement Taunts Cybercriminals

February 22, 2024 at 07:51AM

The United States is offering significant rewards for information about cybercriminals involved in the disrupted LockBit ransomware operation. Law enforcement agencies have made seizures and implemented disruptions to the cybercrime operation, even mocking cybercriminals and taking down associated servers. Rewards, charges, sanctions, and crackdowns on individuals continue amidst skepticism about the long-term impact.

The meeting notes provide a detailed account of the recent actions taken by law enforcement agencies against the LockBit ransomware operation. Some key takeaways from the notes include:

1. The United States is offering substantial rewards for information leading to the arrest and conviction of individuals involved in LockBit ransomware attacks, with specific amounts offered for information on leaders and affiliates.

2. The UK’s National Crime Agency (NCA) and other law enforcement agencies have seized LockBit domains and servers, causing significant disruption to the cybercrime operation.

3. Authorities have obtained access to key infrastructure and claim to be able to assist hundreds of victims in recovering their files, with over 1,000 decryption keys recovered.

4. The Treasury Department has announced sanctions against two LockBit affiliates, including two Russian nationals, and the Justice Department has announced charges against them.

5. Several major ransomware operations, including LockBit, have been targeted in international law enforcement operations, but the impact of such operations could be limited, and cybercriminals may resume their activities under a different name.

It is clear from the meeting notes that law enforcement agencies have made significant progress in disrupting the LockBit ransomware operation, but there are concerns about the potential for the cybercriminals to resume their activities. The information provided in the notes will be essential for further analysis and decision-making in response to this cyber threat.

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