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LockBit smashed: Notorious cyber crime group who targeted 1,700 firms worldwide is dismantled

LockBit smashed: Notorious cyber crime group who targeted 1,700 firms worldwide is dismantled
LockBit smashed: Notorious cyber crime group who targeted 1,700 firms worldwide is dismantled

Security analysts had assessed that it was responsible for around 25 per cent of all ransomware attacks, making it the largest criminal organisation involved in such hacking.

US officials have previously echoed the analysis of UK law enforcers in describing LockBit as the biggest threat to its companies, saying that more than 1,700 had been hit by its ransomware attacks. The hacking group was understood to operate by allowing affiliated criminal gangs to use its hacking tools. 

“They are the Walmart of ransomware groups, they run it like a business–that’s what makes them different,”  Jon DiMaggio, chief security strategist at Analyst1, US cybersecurity firm told the Reuters news agency. 

Don Smith, vice president of Secureworks, an arm of Dell Technologies, said LockBit “dwarfed all other [ransomware] groups” and that the success in halting its operations was “highly significant”.



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