June 27, 2024 at 06:46AM
LockBit ransomware threatened to release 33 Tb of data from the US Federal Reserve, but leaked data appears to be from Evolve Bank & Trust, not the central bank. The cybersecurity community expressed skepticism over the claims. Evolve Bank is investigating a cyber incident involving potential personal information compromise, but retail banking customers’ credentials seem unaffected.
Key takeaways from the meeting notes are as follows:
1. The LockBit ransomware group initially claimed to have stolen data from the US Federal Reserve, but it was later revealed that the leaked data likely originated from Evolve Bank & Trust, a smaller financial organization.
2. Evolve Bank & Trust has informed customers about a potential data breach that may involve compromised personal information. They have assured customers that retail banking services remain unaffected by the cybersecurity incident.
3. The Federal Reserve Board had recently issued an enforcement action against Evolve Bank & Trust for compliance program deficiencies, which may have been misinterpreted by cybercriminals as a connection to the Federal Reserve hack.
4. There is skepticism within the cybersecurity community regarding LockBit’s claims, and it is suspected that the ransomware group may be exaggerating the number of victims.
5. Law enforcement crackdown on LockBit operations and the unmasking of the gang’s alleged mastermind have contributed to increased activity from the ransomware group.
6. The FBI has claimed to possess 7,000 LockBit ransomware decryption keys, and LockBit has taken credit for a ransomware attack on the City of Wichita.
These takeaways provide a comprehensive overview of the situation and its implications.