June 26, 2024 at 02:21PM
The LockBit ransomware group made a bold claim, stating they breached the US Federal Reserve and stole 33 terabytes of banking data. However, it was revealed that they targeted an individual bank, not the Fed. This baseless claim is seen as a desperate attempt by LockBit to stay relevant after facing tough times.
It seems that the LockBit ransomware group made a bold but baseless claim that it had breached the US Federal Reserve and stolen sensitive banking information. However, it has been revealed that the group actually targeted an individual US financial institution, Evolve Bank & Trust, instead of the Fed. Evolve Bank & Trust has confirmed that its data was illegally obtained by threat actors, and the institution is working diligently to address the situation, including offering impacted customers complimentary credit monitoring and new account numbers if warranted. The Federal Reserve had previously penalized Evolve Bank & Trust for deficiencies in risk management, anti-money laundering, and compliance practices. Furthermore, this baseless claim is seen as LockBit’s “desperate bid for relevance” after facing tough times, including the takedown of its infrastructure earlier this year. LockBit has a history of executing ransomware attacks on high-profile targets, but it seems to be resorting to misleading claims to stay relevant amidst its challenges.