The Rise of LockBit Ransomware: A Prolific and Profitable Threat

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Cybersecurity News

Ransomware,Lockbit,Cybercriminals

LockBit is a ransomware group that has gained attention for its highly profitable tactics. This article explores the rise of LockBit, its victims, and how to protect against it.

While ransomware incidents have been occurring for more than 30 years, only in the last decade has the term 'ransomware' appeared regularly in popular media. Ransomware is a type of malicious software that blocks access to computer systems or encrypts files until a ransom is paid. Cybercriminal gangs have adopted ransomware as a get-rich-quick scheme. Now, in the era of 'ransomware as a service', this has become a prolific and highly profitable tactic.

Providing ransomware as a service means groups benefit from affiliate schemes where a commission is paid for successful ransom demands. Although only one of the many gangs operating, LockBit has been increasingly visible, with several high-profile victims recently appearing on the group's website. So what is LockBit? Who has fallen victim to them? And how can we protect ourselves from them? To make things confusing, the term LockBit refers to both the malicious software (malware) and the group that created it. LockBit first gained attention in 201

Ransomware Lockbit Cybercriminals Malicious Software Protection

 

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