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LockBit Ransomware Group

LockBit Ransomware Group:

The U.S. Department of Justice (DOJ) has recently announced a $10 million reward for information leading to the apprehension of Dimitry Yuryevich Khoroshev, an alleged creator of the LockBit ransomware group.

  • FBI Director Christopher Wray emphasized the agency’s commitment to disrupting ransomware organizations.
  • The substantial reward underscores the severity of Khoroshev’s alleged crimes and the urgency in bringing him to justice.
  • LockBit ransomware is a malicious software designed to block user access to computer systems in exchange for a ransom payment.
  • LockBit automatically vets valuable targets, spreads the infection, and encrypts all accessible computer systems on a network.
  • It primarily targets enterprises and government organizations rather than individuals.
  • LockBit operates as a Ransomware-as-a-Service (RaaS) model.RaaS is a business model where cybercriminals create and distribute ransomware, allowing other individuals (affiliates) to use it for their attacks.