LockBit Resurfaces with Attack on Pharmaceutical Company, Le...
Blog post from Socket
LockBit, a notorious ransomware group previously dismantled by international law enforcement, has resurfaced with a new attack on Crinetics Pharmaceuticals, demanding a $4 million ransom and threatening to release stolen data publicly. Despite the recent arrest of affiliates and seizures of their infrastructure, LockBit's leader, known as LockBitSupp, remains defiant and committed to continuing their operations, viewing recent law enforcement actions as mere advertising for their resilience. The group's attacks have historically targeted various industries and services, amassing potentially over $1 billion in stolen funds, and their leader claims to aspire to target one million companies globally. LockBit's persistence highlights the ongoing challenges of combating cybercriminals motivated by more than just financial gain, as they continue to operate under the "ransomware-as-a-service" model, even ramping up recruitment efforts and profit-sharing incentives.
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