"How LockBit Changed Cybersecurity Forever"

In addition to maintaining a high profile, the LockBit group has turned ransom monetization on its head. Forty-four percent of all ransomware attacks launched in 2022 have been attributed to this group due to its innovative approach. The LockBit ransomware gang has become one of the most infamous cybercriminal groups in history. LockBit, formerly known as "ABCD ransomware," debuted in late 2019 and experienced a rapid rise in popularity. As a Ransomware-as-a-Service (RaaS), the group includes a central team that creates the malware and administers its website. In the meantime, the group provides access to its code to affiliates who help in the execution of cyberattacks. Affiliates have been found to be experts in various areas, including vulnerability search and network breaching. This article continues to discuss the evolution of LockBit. 

Security Intelligence reports "How LockBit Changed Cybersecurity Forever"