September 11, 2024 at 10:04AM In the past year, successful takedowns of major ransomware groups like LockBit have signaled a shift in the balance of power, achieved through innovative law enforcement strategies. Operation Cronos, involving 10 countries, seized servers, froze cryptocurrency accounts, and made key arrests. Law enforcement has disrupted the reputation and operations of … Read more
June 13, 2024 at 10:04AM In 2024, significant takedowns of cybercrime groups like LockBit and ALPHV/BlackCat signal a potential turning point. Cybercrime organizations function similarly to startups, adapting quickly to market demands and staying ahead of law enforcement. Legislative changes and collaboration between industry and law enforcement play a crucial role in combating cybercrime and … Read more
May 22, 2024 at 07:03AM After the takedown of LockBit in February, rival gang Play has surpassed it in attacks, marking a shift after eight months of LockBit dominance. Law enforcement’s disruption claims seem validated as LockBit’s attacks drop significantly. Global ransomware activity decreased by 15% month-on-month, with North America and Europe remaining the top … Read more
February 22, 2024 at 06:47PM The LockBit ransomware group faced issues and was shut down by an international law enforcement effort led by the UK’s National Crime Agency due to dissent among members and affiliates. The takedown disrupted its infrastructure and led to several arrests. The group’s viability and reputation have been severely affected, and … Read more
February 20, 2024 at 12:39AM An international law enforcement operation, codenamed Operation Cronos, led to the seizure of darknet domains operated by LockBit ransomware group, involving 11 countries. Exploiting a security flaw, authorities gained control of sites, revealing extensive data on victims and operations. This blow follows the dismantling of BlackCat ransomware, impacting LockBit’s operations. … Read more