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LockBit Ransomware, the World’s Most Persistent Danger

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LockBit (a RaaS group) is still one of the most widespread and sophisticated ransomware threats today. LockBit 1.0, LockBit 2.0, and LockBit 3.0 have all had significant negative effects during their malicious campaigns, and this trend is only expected to increase.

LockBit’s rising activity DarkFeed analysts found that LockBit affiliates accumulated 103 victims out of a total of 230 in September.
Digital Shadows claims that in Q2 2022, LockBit was the most prolific cybercrime organization, with 231 victims across the quarter.
When compared to other ransomware gangs, LockBit’s 1,157 victims (during its lifetime) far surpass that of Conti (900), Hive (192), and BlackCat (177) combined.

Relatively recent instances
As of late, the name of British insurer Kingfisher Insurance has been spotted on LockBit’s leak site. It asserted theft of 1.4 terabytes of data, including employee and customer information.
It has been reported that a group associated with the LockBit 3.0 ransomware group seized information from the Japanese IT firm Oomiya and threatened to release it publicly if the company did not pay a ransom.
Prior to this, LockBit ransomware was being spread via Microsoft Exchange servers using a zero-day weakness that had not been made public.

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Conclusion


After a while, LockBit RaaS became a serious problem. Professionals agree that this threat actor group will keep exploiting organizations’ newly found strengths all across the world. That’s why it’s recommended to take preventative measures with regards to security, like the constant exchange of threat intelligence for early identification and first-hand knowledge of such dangers.

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