Ransomware gang LockBit restructures after global law enforcement actions disrupt operations.

Cybercrime gangs, including LockBit, a major developer of ransomware, are restructuring after major global law enforcement operations disrupted their activities, according to experts. These operations have led to a "cleaning up" of the ransomware scene, causing cybercriminals to seek new tactics. LockBit and other groups have caused significant disruption to governments, businesses, and public services by locking victims out of their networks, stealing data, and demanding ransom payments in untraceable cryptocurrencies.

July 06, 2024
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