Law Enforcement Agencies Disrupt Prolific Ransomware Syndicate LockBit, Arrest Two Individuals

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ICARO Media Group
News
20/02/2024 19h30

Law enforcement agencies from the UK, the US, and Europe have successfully infiltrated and disrupted the operations of the ransomware syndicate LockBit. The National Crime Agency (NCA) led the international operation that targeted LockBit, resulting in the arrest of two individuals in Poland and Ukraine. The authorities seized 200 cryptocurrency accounts and gained comprehensive access to LockBit's systems, allowing them to take control of infrastructure and obtain decryption keys to assist victims.

Furthermore, the US Justice Department unsealed indictments against two Russian nationals as part of the operation. The efforts of the agencies involved, including the FBI and international law enforcement task force Operation Cronos, have been hailed as a significant blow to the ransomware group. LockBit, which has been operating since 2019, was responsible for 23% of the nearly 4,000 global ransomware attacks last year.

Cybersecurity experts have expressed optimism about the impact of these actions on disrupting ransomware operations, although groups like LockBit may reemerge under new names. Law enforcement officials highlighted the importance of not paying ransoms to cybercriminals and emphasized the ongoing threat posed by ransomware attacks. The operation against LockBit marks a rare offensive cyber-operation for the UK's NCA and is seen as a significant step in combating cybercrime on a global scale.

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