May 7, 2024 at 11:19AM After years of mystery, law enforcement has named the kingpin of the LockBit ransomware operation as Dmitry Yuryevich Khoroshev. This identificfation is an important step in Operation Cronos’s efforts to disrupt LockBit. Khoroshev offered a $10 million reward to keep his identity secret, but authorities have now revealed it and … Read more
March 4, 2024 at 04:37AM Operation Cronos, a multinational effort to dismantle ransomware gang LockBit, surprises with a humorous twist as law enforcement tampered with the gang’s website. Despite the takedown, LockBit reappeared, raising concerns about the resilience of criminal organizations and the challenges of combating them, especially in the context of cryptocurrency. This event … Read more
February 23, 2024 at 05:42PM Authorities believe that the ransomware group LockBit could have generated over $1 billion in ransom fees over its four-year lifespan. Analysis revealed around £100 million in cryptocurrency, with most payments coming from affiliates paid by victims. With over 2,000 victims, the actual sum extorted may be in the billions. LockBit’s … Read more
February 19, 2024 at 04:45PM Law enforcement agencies from 11 countries disrupted the LockBit ransomware operation in a joint effort known as “Operation Cronos.” The gang’s data leak site is now under the control of the UK’s National Crime Agency, working closely with the FBI and an international task force. The agencies are set to … Read more